PART 4Recovery plans
CHAPTER 1Assessment of recovery plan drawn up by an institution
Application and interpretation of Chapter 111
1
This Chapter applies where an institution—
a
is authorised by the PRA or FCA and is not part of a group subject to supervision on a consolidated basis in accordance with F2the capital requirements regulation and CRR rules; and
b
submits a recovery plan to the appropriate regulator for assessment F1....
2
In this Chapter “relevant measures” means measures to maintain or restore the viability and financial position of the institution, including measures to—
a
reduce its risk profile, including its liquidity risk profile;
b
review its structure and strategy;
c
enable it to undertake timely recapitalisation;
d
change its funding strategy in order to improve the resilience of core business lines and critical functions; and
e
change its governance structure.