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The Bank Recovery and Resolution (No. 2) Order 2014
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Suspension of requirement to draw up or review group resolution plan
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76.—(1) The receipt by the Bank of a report on impediments and remedial measures has the effect of suspending the Bank’s duty to endeavour to reach a decision, jointly with other resolution authorities, on the adoption or review of the plan.
(2) That duty is revived when a joint decision is reached on the determination of remedial measures.
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