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The Bank Recovery and Resolution ( No. 2) Order 2014

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  1. Introductory TextNext Match

  2. PART 1 Introductory provisionsPrevious MatchNext Match

    1. 1.Citation and commencementPrevious MatchNext Match

    2. 2.InterpretationPrevious MatchNext Match

    3. 3.Application of OrderPrevious MatchNext Match

  3. PART 2 Designation of authorities and competent ministryPrevious MatchNext Match

    1. 4.Designation of the Bank as resolution authorityPrevious MatchNext Match

    2. 5.Designation for the purposes of Article 59 of the recovery and resolution directivePrevious MatchNext Match

    3. 6.Designation of the Treasury as the ministry responsible for exercising the functions of the competent ministryPrevious MatchNext Match

  4. PART 3 Recovery and resolution planningPrevious MatchNext Match

    1. 7.Recovery planning: preparatory steps and simplified obligationsPrevious MatchNext Match

    2. 8.Resolution planning: preparatory steps and simplified obligationsPrevious MatchNext Match

    3. 9.Consultation with the Financial Policy CommitteePrevious MatchNext Match

    4. 10.Provision of information to EBAPrevious MatchNext Match

  5. PART 4 Recovery plansPrevious MatchNext Match

    1. CHAPTER 1 Assessment of recovery plan drawn up by an institutionPrevious MatchNext Match

      1. 11.Application and interpretation of Chapter 1Previous MatchNext Match

      2. 12.Assessment of planPrevious MatchNext Match

      3. 13.Criteria for assessmentPrevious MatchNext Match

      4. 14.Revision of planPrevious MatchNext Match

      5. 15.Business changes and relevant measuresPrevious MatchNext Match

    2. CHAPTER 2 Assessment of group recovery plan where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match

      1. 16.Application and interpretation of Chapter 2Previous MatchNext Match

      2. 17.Duty to transmit a copy of group recovery planPrevious MatchNext Match

      3. 18.Assessment of group recovery planPrevious MatchNext Match

      4. 19.Purpose of assessmentPrevious MatchNext Match

      5. 20.Timing of assessment of planPrevious MatchNext Match

      6. 21.Joint assessment of planPrevious MatchNext Match

      7. 22.Revision of planPrevious MatchNext Match

      8. 23.Business changes and relevant measuresPrevious MatchNext Match

      9. 24.Recovery plan for group institutionPrevious MatchNext Match

      10. 25.References to EBAPrevious MatchNext Match

      11. 26.Requesting the assistance of EBAPrevious MatchNext Match

    3. CHAPTER 3 Assessment of group recovery plan where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match

      1. 27.Application and interpretation of Chapter 3Previous MatchNext Match

      2. 28.Purpose of assessmentPrevious MatchNext Match

      3. 29.Joint assessment of planPrevious MatchNext Match

      4. 30.Assessment of recovery plans drawn up on an individual basisPrevious MatchNext Match

      5. 31.References to EBAPrevious MatchNext Match

      6. 32.Requesting the assistance of EBAPrevious MatchNext Match

    4. CHAPTER 4 Review of recovery plans and group recovery plansPrevious MatchNext Match

      1. 33.Review of recovery planPrevious MatchNext Match

      2. 34.Review of group recovery plan assessed under Chapter 2Previous MatchNext Match

      3. 35.Review of group recovery plan assessed under Chapter 3Previous MatchNext Match

  6. PART 5 Resolution plansPrevious MatchNext Match

    1. CHAPTER 1 Resolution plans for institutionsPrevious MatchNext Match

      1. 36.Interpretation of Chapter 1Previous MatchNext Match

      2. 37.The Bank's duty to draw up resolution plansPrevious MatchNext Match

      3. 38.Duty to transmit a copy of the resolution planPrevious MatchNext Match

    2. CHAPTER 2 Group resolution plan where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match

      1. 39.Application of Chapter 2Previous MatchNext Match

      2. 40.The Bank's duty to draw up group resolution plansPrevious MatchNext Match

      3. 41.Information to be transmitted for the purpose of drawing up group resolution plansPrevious MatchNext Match

      4. 42.Joint decision on adoption of group resolution planPrevious MatchNext Match

      5. 43.References to EBAPrevious MatchNext Match

      6. 44.Requesting the assistance of EBAPrevious MatchNext Match

      7. 45.Duty to transmit a copy of the group resolution planPrevious MatchNext Match

    3. CHAPTER 3 Group resolution plan where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match

      1. 46.Application and interpretation of Chapter 3Previous MatchNext Match

      2. 47.Joint decision on adoption of group resolution planPrevious MatchNext Match

      3. 48.Failure to reach joint decision: disagreement by the Bank with a joint proposalPrevious MatchNext Match

      4. 49.Failure to reach joint decision: agreement by the Bank with a joint proposalPrevious MatchNext Match

      5. 50.Resolution plan for group entityPrevious MatchNext Match

      6. 51.References to EBAPrevious MatchNext Match

      7. 52.Requesting the assistance of EBAPrevious MatchNext Match

    4. CHAPTER 4 Review of resolution plans and group resolution plansPrevious MatchNext Match

      1. 53.Review of resolution planPrevious MatchNext Match

      2. 54.Review of group resolution plan drawn up by the BankPrevious MatchNext Match

      3. 55.Review of group resolution plan drawn up by another resolution authorityPrevious MatchNext Match

    5. CHAPTER 5 Information and records for resolution planningPrevious MatchNext Match

      1. 56.Information required for resolution planningPrevious MatchNext Match

      2. 57.Notice of matters which could necessitate an amendment of a planPrevious MatchNext Match

      3. 58.Records of financial contractsPrevious MatchNext Match

  7. PART 6 Assessment of resolvability and removal of impediments to resolvabilityPrevious MatchNext Match

    1. CHAPTER 1 Assessment of resolvability of institutionsPrevious MatchNext Match

      1. 59.Application and interpretation of Chapter 1Previous MatchNext Match

      2. 60.Assessment of resolvabilityPrevious MatchNext Match

    2. CHAPTER 2 Assessment of resolvability of groupsPrevious MatchNext Match

      1. 61.Application and interpretation of Chapter 2Previous MatchNext Match

      2. 62.Assessment of group resolvability where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match

      3. 63.Assessment of group resolvability where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match

    3. CHAPTER 3 Removal of impediments to resolvability of institutionsPrevious MatchNext Match

      1. 64.Application and interpretation of Chapter 3Previous MatchNext Match

      2. 65.Notice of determinationPrevious MatchNext Match

      3. 66.Effect of notice of determinationPrevious MatchNext Match

      4. 67.Right of appealPrevious MatchNext Match

    4. CHAPTER 4 Removal of impediments to resolvability of group entities where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match

      1. 68.Application and interpretation of Chapter 4Previous MatchNext Match

      2. 69.Report on substantive impediments to the resolvability of group entitiesPrevious MatchNext Match

      3. 70.Suspension of requirement to draw up or review group resolution planPrevious MatchNext Match

      4. 71.Determining remedial measuresPrevious MatchNext Match

      5. 72.Joint decision on impediments to group resolvability and remedial measuresPrevious MatchNext Match

      6. 73.References to EBAPrevious MatchNext Match

      7. 74.Requesting the assistance of EBAPrevious MatchNext Match

    5. CHAPTER 5 Removal of impediments to resolvability of groups where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match

      1. 75.Application and interpretation of Chapter 5Previous MatchNext Match

      2. 75A.Report on substantive impediments to the resolvability of group entitiesPrevious MatchNext Match

      3. 76.Suspension of requirement to draw up or review group resolution planPrevious MatchNext Match

      4. 77.Determining remedial measuresPrevious MatchNext Match

      5. 78.Joint decision on impediments to group resolvability and remedial measuresPrevious MatchNext Match

      6. 79.Failure to reach joint decision: disagreement by the Bank with joint proposalsPrevious MatchNext Match

      7. 80.Failure to reach joint decision: agreement by the Bank with joint proposalsPrevious MatchNext Match

      8. 81.References to EBAPrevious MatchNext Match

      9. 82.Requesting the assistance of EBAPrevious MatchNext Match

  8. PART 7 Intra-group financial supportPrevious MatchNext Match

    1. CHAPTER 1 Authorisation of agreement for group financial support where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match

      1. 83.Application and interpretation of Chapter 1Previous MatchNext Match

      2. 84.Review of group financial support agreement and decision on authorisationPrevious MatchNext Match

      3. 85.Duty to transmit a copy of applicationPrevious MatchNext Match

      4. 86.Joint decision with other competent authoritiesPrevious MatchNext Match

      5. 87.References to EBAPrevious MatchNext Match

      6. 88.Requesting the assistance of EBAPrevious MatchNext Match

      7. 89.Duty to transmit a copy of authorised agreementPrevious MatchNext Match

      8. 90.Amendment of authorised agreementPrevious MatchNext Match

    2. CHAPTER 2 Authorisation of agreement for group financial support where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match

      1. 91.Application and interpretation of Chapter 2Previous MatchNext Match

      2. 92.Review of group financial support agreement and decision on authorisationPrevious MatchNext Match

      3. 93.Joint decision with other competent authoritiesPrevious MatchNext Match

      4. 94.References to EBAPrevious MatchNext Match

      5. 95.Requesting the assistance of EBAPrevious MatchNext Match

      6. 96.Amendment of authorised agreementPrevious MatchNext Match

    3. CHAPTER 3 Approval of authorised agreements by the members of a UK group entityPrevious MatchNext Match

      1. 97.Interpretation of Chapter 3Previous MatchNext Match

      2. 98.Requirement for approval of authorised agreementPrevious MatchNext Match

      3. 98A.Publication of information concerning group financial support agreementsPrevious MatchNext Match

      4. 99.Revocation of authorised agreementPrevious MatchNext Match

      5. 100.Obligation to provide annual reportPrevious MatchNext Match

    4. CHAPTER 4 Provision of group financial supportPrevious MatchNext Match

      1. 101.Interpretation of Chapter 4Previous MatchNext Match

      2. 102.Relevant notice from UK group entity: decision by the PRA or FCAPrevious MatchNext Match

      3. 103.Duties of consolidating supervisor where financial support agreed, prohibited or restrictedPrevious MatchNext Match

      4. 104.Re-assessment of recovery plans by the PRA or FCA where it is not the consolidating supervisorPrevious MatchNext Match

      5. 105.Requesting the assistance of EBAPrevious MatchNext Match

      6. 106.Reciprocal supportPrevious MatchNext Match

  9. PART 8 Early interventionPrevious MatchNext Match

    1. CHAPTER 1 Early intervention with respect to an institutionPrevious MatchNext Match

      1. 107.Interpretation of Chapter 1Previous MatchNext Match

      2. 108.Notice that institution meets the conditions for early interventionPrevious MatchNext Match

      3. 109.Deadline for compliance with measure for early interventionPrevious MatchNext Match

    2. CHAPTER 2 Early intervention with respect to groups where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match

      1. 110.Application and interpretation of Chapter 2Previous MatchNext Match

      2. 111.Procedure for early intervention in respect of a UK group entityPrevious MatchNext Match

      3. 112.Procedure for early intervention in respect of a non-UK group entityPrevious MatchNext Match

      4. 113.Joint decisions about early interventionPrevious MatchNext Match

      5. 114.References to EBAPrevious MatchNext Match

      6. 115.Requesting the assistance of EBAPrevious MatchNext Match

    3. CHAPTER 3 Early intervention with respect to groups where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match

      1. 116.Application and interpretation of Chapter 3Previous MatchNext Match

      2. 117.Procedure for early intervention in respect of a UK group entityPrevious MatchNext Match

      3. 118.Joint decisions about early interventionPrevious MatchNext Match

      4. 119.References to EBAPrevious MatchNext Match

      5. 120.Requesting the assistance of EBAPrevious MatchNext Match

  10. PART 9 Minimum requirement for own funds and eligible liabilitiesPrevious MatchNext Match

    1. CHAPTER 1 Determination of minimum requirement for an institutionPrevious MatchNext Match

      1. 121.Interpretation of Chapter 1Previous MatchNext Match

      2. 122.Duties of the Bank in relation to minimum requirementPrevious MatchNext Match

      3. 123.Determination of minimum requirementPrevious MatchNext Match

      4. 124.Review of minimum requirementPrevious MatchNext Match

    2. CHAPTER 2 Determination of minimum consolidated requirement where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match

      1. 125.Application and interpretation of Chapter 2Previous MatchNext Match

      2. 126.Determination of minimum consolidated requirementPrevious MatchNext Match

      3. 127.Joint determinationPrevious MatchNext Match

      4. 128.References to EBA: determination of minimum consolidated requirementPrevious MatchNext Match

      5. 129.Review of minimum consolidated requirementPrevious MatchNext Match

    3. CHAPTER 3 Determination of minimum consolidated requirement where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match

      1. 130.Application and interpretation of Chapter 3Previous MatchNext Match

      2. 131.Joint determination of minimum consolidated requirementPrevious MatchNext Match

      3. 132.Review of minimum consolidated requirementPrevious MatchNext Match

    4. CHAPTER 4 Determination of minimum requirements for group institutions where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match

      1. 133.Application and interpretation of Chapter 4Previous MatchNext Match

      2. 134.Duties of the Bank in relation to minimum requirementPrevious MatchNext Match

      3. 135.Determination of minimum requirementPrevious MatchNext Match

      4. 136.Joint determination of minimum requirementsPrevious MatchNext Match

      5. 137.References to EBA: determination of minimum requirementPrevious MatchNext Match

      6. 138.Review of minimum requirementsPrevious MatchNext Match

      7. 139.Minimum requirement for other group entities set up in the United KingdomPrevious MatchNext Match

    5. CHAPTER 5 Determination of minimum requirements for group institutions where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match

      1. 140.Application and interpretation of Chapter 5Previous MatchNext Match

      2. 141.Duties of the Bank in relation to minimum requirementPrevious MatchNext Match

      3. 142.Determination of minimum requirementPrevious MatchNext Match

      4. 143.Joint determination of minimum requirementsPrevious MatchNext Match

      5. 144.References to EBA: determination of minimum requirementPrevious MatchNext Match

      6. 145.Review of minimum requirementsPrevious MatchNext Match

      7. 146.Minimum requirement for other group entities set up in the United KingdomPrevious MatchNext Match

    6. CHAPTER 6 Minimum requirement for own funds and eligible liabilities: other provisionsPrevious MatchNext Match

      1. 147.Waiver of application of Chapter 4 ...Previous MatchNext Match

      2. 148.Meeting minimum requirement through contractual bail-in instruments etcPrevious MatchNext Match

  11. PART 10 Requirement to write down or convert capital instrumentsPrevious MatchNext Match

    1. 149.Application and interpretation of PartPrevious MatchNext Match

    2. 150.Determinations under section 6A and 81AA of the Banking Act 2009: preliminary steps for UK group entitiesPrevious MatchNext Match

    3. 151.Regulator to take alternative measuresPrevious MatchNext Match

    4. 152.Determination that Case 2, 3, 4 or 5 is satisfiedPrevious MatchNext Match

    5. 153.Joint determination under Article 59(3)(c) of the recovery and resolution directive in relation to a non-UK group entityPrevious MatchNext Match

  12. PART 11 Removal of procedural impediments to application of bail-in toolPrevious MatchNext Match

    1. 154.Interpretation of PartPrevious MatchNext Match

    2. 155.Requirement to increase or remove limit on share capitalPrevious MatchNext Match

    3. 156.Removal of impediments to the conversion of liabilities into sharesPrevious MatchNext Match

  13. PART 11A Contractual recognition of bail-inPrevious MatchNext Match

    1. 156A.Contractual recognition of bail-in: technical standardsPrevious MatchNext Match

  14. PART 12 Treatment of derivative contracts where bail-in option is appliedPrevious MatchNext Match

    1. 157.Application and interpretation of PartPrevious MatchNext Match

    2. 158.Liabilities arising from derivative contractsPrevious MatchNext Match

  15. PART 13 Preparation of business reorganisation plans after application of bail-in toolPrevious MatchNext Match

    1. CHAPTER 1 Assessment of business reorganisation plan drawn up by an institutionPrevious MatchNext Match

      1. 159.Application and interpretation of Chapter 1Previous MatchNext Match

      2. 160.Assessment of business reorganisation planPrevious MatchNext Match

      3. 161.Purpose of assessmentPrevious MatchNext Match

      4. 162.Revision of planPrevious MatchNext Match

    2. CHAPTER 2 Assessment of business reorganisation plan drawn up by a single group entityPrevious MatchNext Match

      1. 163.Application and interpretation of Chapter 2Previous MatchNext Match

      2. 164.Assessment etc of business reorganisation planPrevious MatchNext Match

    3. CHAPTER 3 Assessment of business reorganisation plan drawn up for relevant group where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match

      1. 165.Application and interpretation of Chapter 3Previous MatchNext Match

      2. 166.Duty to transmit a copy of business reorganisation planPrevious MatchNext Match

      3. 167.Assessment of business reorganisation planPrevious MatchNext Match

      4. 168.Purpose of assessmentPrevious MatchNext Match

      5. 169.Assessment of plan where every group entity is set up in the United KingdomPrevious MatchNext Match

      6. 170.Joint assessment of planPrevious MatchNext Match

      7. 171.Revision of planPrevious MatchNext Match

      8. 172.Assessment of business reorganisation plans drawn up on an individual basisPrevious MatchNext Match

      9. 173.References to EBAPrevious MatchNext Match

      10. 174.Requesting the assistance of EBAPrevious MatchNext Match

    4. CHAPTER 4 Assessment of business reorganisation plan drawn up for relevant group where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match

      1. 175.Application and interpretation of Chapter 4Previous MatchNext Match

      2. 176.Purpose of assessmentPrevious MatchNext Match

      3. 177.Joint assessment of planPrevious MatchNext Match

      4. 178.Assessment of business reorganisation plans drawn up on an individual basisPrevious MatchNext Match

      5. 179.References to EBAPrevious MatchNext Match

      6. 180.Requesting the assistance of EBAPrevious MatchNext Match

  16. PART 14 Procedural obligations where an undertaking is failing or likely to failPrevious MatchNext Match

    1. 181.Interpretation of PartPrevious MatchNext Match

    2. 182.Matters to be notified by the regulator to the BankPrevious MatchNext Match

    3. 183.Notification that an undertaking is failing or likely to failPrevious MatchNext Match

    4. 184.Duty to send copy of share transfer instrument etc to members and creditors of institutionPrevious MatchNext Match

    5. 184A.Notifications under articles 182, 183 and 184Previous MatchNext Match

  17. PART 15 Applications to the court in relation to resolution actionPrevious MatchNext Match

    1. 185.Stay of legal proceedingsPrevious MatchNext Match

    2. 186.Remedies on judicial reviewPrevious MatchNext Match

  18. PART 16 Cross-border group resolutionPrevious MatchNext Match

    1. CHAPTER 1 General provisionsPrevious MatchNext Match

      1. 187.Principles for reaching decisions which may have an impact in two or more EEA StatesPrevious MatchNext Match

      2. 188.Information exchangePrevious MatchNext Match

      3. 189.Requirements for group resolution schemesPrevious MatchNext Match

    2. CHAPTER 2 Resolution collegesPrevious MatchNext Match

      1. 190.Application of Chapter 2Previous MatchNext Match

      2. 191.Duty to establish a resolution collegePrevious MatchNext Match

      3. 192.Membership of resolution collegePrevious MatchNext Match

      4. 193.Functioning of resolution collegePrevious MatchNext Match

      5. 194.Use of an existing resolution collegePrevious MatchNext Match

    3. CHAPTER 3 European resolution collegesPrevious MatchNext Match

      1. 195.Application of Chapter 3Previous MatchNext Match

      2. 196.Establishment and functioning of a European resolution collegePrevious MatchNext Match

      3. 197.Recognition of third-country resolution actionPrevious MatchNext Match

      4. 198.Use of an existing resolution collegePrevious MatchNext Match

    4. CHAPTER 4 Group resolution involving a group subsidiary where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match

      1. 199.Application and interpretation of Chapter 4Previous MatchNext Match

      2. 200.Assessment of impact of notified measuresPrevious MatchNext Match

      3. 201.Joint decision on adoption of group resolution schemePrevious MatchNext Match

      4. 202.Requesting the assistance of EBAPrevious MatchNext Match

    5. CHAPTER 5 Group resolution involving a group subsidiary where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match

      1. 203.Application Chapter 5Previous MatchNext Match

      2. 204.Bank decision that group subsidiary meets the conditions for resolutionPrevious MatchNext Match

      3. 205.Joint decision on adoption of group resolution schemePrevious MatchNext Match

      4. 206.Failure to reach joint decision: disagreement by the Bank with joint proposalsPrevious MatchNext Match

      5. 207.Requesting the assistance of EBAPrevious MatchNext Match

    6. CHAPTER 6 Group resolution where EEA parent undertaking is set up in the United KingdomPrevious MatchNext Match

      1. 208.Application and interpretation of Chapter 6Previous MatchNext Match

      2. 209.Bank decision that EEA parent undertaking meets the conditions for resolutionPrevious MatchNext Match

      3. 210.Joint decision on adoption of group resolution schemePrevious MatchNext Match

      4. 211.Requesting the assistance of EBAPrevious MatchNext Match

    7. CHAPTER 7 Group resolution where EEA parent undertaking is set up in another EEA StatePrevious MatchNext Match

      1. 212.Application of Chapter 7Previous MatchNext Match

      2. 213.Joint decision on adoption of group resolution schemePrevious MatchNext Match

      3. 214.Failure to reach joint decision: disagreement by the Bank with joint proposalsPrevious MatchNext Match

      4. 215.Requesting the assistance of EBAPrevious MatchNext Match

  19. PART 17 Modified application of company law to banks etc in resolutionPrevious MatchNext Match

    1. 216.Interpretation of PartPrevious MatchNext Match

    2. 217.Shadow directorshipPrevious MatchNext Match

    3. 218.Modified application of legislation on cross-border mergersPrevious MatchNext Match

    4. 219.Modified application of the Companies Act 2006 (disapplication of Takeover Rules)Previous MatchNext Match

    5. 220.Modified application of the Companies Act 2006 (disapplication of other requirements)Previous MatchNext Match

    6. 220A.Modified application of the Companies Act 2006 (shareholders’ rights)Previous MatchNext Match

  20. PART 18 Treasury support for investment firmsPrevious MatchNext Match

    1. 221.Investment firms to be treated as financial institutionsPrevious MatchNext Match

  21. PART 19 Miscellaneous provisionsPrevious MatchNext Match

    1. 222.ContinuityPrevious MatchNext Match

    2. 223.Duty to co-operatePrevious MatchNext Match

    3. 224.Non-binding co-operation arrangements in line with EBA framework arrangementsPrevious MatchNext Match

    4. 225.Duty to inform EBA of imposition of penaltiesPrevious MatchNext Match

  22. PART 20 AmendmentsPrevious MatchNext Match

    1. 226.Amendments of primary and secondary legislationPrevious MatchNext Match

  23. PART 21 ReviewPrevious MatchNext Match

    1. 227.ReviewPrevious MatchNext Match

  24. SignaturePrevious MatchNext Match

    1. SCHEDULE A1Previous MatchNext Match

      Information to be contained in a recovery plan or group recovery planPrevious MatchNext Match

      1. 1.In this Schedule— (a) “ entity ” means, in relation...Previous MatchNext Match

      2. 2.A plan must include— (a) a summary of its key...Previous MatchNext Match

      3. 3.The plan must provide for measures to be taken by...Previous MatchNext Match

      4. 4.In drawing up the plan the entity must not assume...Previous MatchNext Match

      5. 5.The plan must include, where applicable, an analysis of the...Previous MatchNext Match

      6. 6.The analysis must identify the assets of the entity which...Previous MatchNext Match

      7. 7.The plan must include possible measures which could be taken...Previous MatchNext Match

      8. 8.The plan must include appropriate conditions and procedures to ensure...Previous MatchNext Match

      9. 9.The plan must contemplate a range of scenarios of severe...Previous MatchNext Match

      10. 10.The plan must provide evidence that the management body of...Previous MatchNext Match

      11. 11.The plan must include an appropriate framework of indicators established...Previous MatchNext Match

      12. 12.The indicators may be of a qualitative or quantitative nature...Previous MatchNext Match

      13. 13.The plan must provide details of appropriate arrangements which the...Previous MatchNext Match

      14. 14.An entity may— (a) take action under its plan where...Previous MatchNext Match

      15. 15.The entity must without delay notify the appropriate regulator of...Previous MatchNext Match

    2. SCHEDULE 1Previous MatchNext Match

      Information to be contained in a resolution planPrevious MatchNext Match

      1. 1.Impediments to the effectiveness of resolution actionPrevious MatchNext Match

      2. 2.The context for resolution actionPrevious MatchNext Match

      3. 3.Application for the use of the Bank's facilitiesPrevious MatchNext Match

      4. 4.Options for applying the resolution tools and exercising the resolution powersPrevious MatchNext Match

    3. SCHEDULE 2Previous MatchNext Match

      Information to be contained in a group resolution planPrevious MatchNext Match

      1. 1.The context for resolution actionPrevious MatchNext Match

      2. 2.Contents of group resolution planPrevious MatchNext Match

      3. 3.The Bank must ensure that the principles set out in...Previous MatchNext Match

      4. 4.In this Schedule, “ group resolution ” means— Previous MatchNext Match

    4. SCHEDULE 2APrevious MatchNext Match

      Additional information which may be required for the purposes of a resolution plan or group resolution planPrevious MatchNext Match

      1. 1.In this Schedule, “ entity ” means in relation to...Previous MatchNext Match

      2. 2.The additional information referred to in article 8(3)(a) is as...Previous MatchNext Match

    5. SCHEDULE 2BPrevious MatchNext Match

      Matters that the Bank is to consider when assessing resolvabilityPrevious MatchNext Match

      1. 1.In this Schedule— (a) “ back-to-back transaction ” means a...Previous MatchNext Match

      2. 2.The matters referred to in articles 60(2)(a) and 62(3)(a) are—...Previous MatchNext Match

    6. SCHEDULE 3Previous MatchNext Match

      AmendmentsPrevious MatchNext Match

      1. PART 1 Amendments of FSMAPrevious MatchNext Match

        1. 1.Amendments of FSMAPrevious MatchNext Match

        2. 2.Recovery plansPrevious MatchNext Match

        3. 3.Rules about resolution packs: duty to consultPrevious MatchNext Match

        4. 4.Special provision relating to adequacy of resolution plansPrevious MatchNext Match

        5. 5.Recovery plans and resolution packs: restriction on duty of confidencePrevious MatchNext Match

      2. PART 2 Amendments of other primary legislationPrevious MatchNext Match

        1. 6.Amendment of the Financial Services (Banking Reform) Act 2013Previous MatchNext Match

      3. PART 3 Amendments of secondary legislationPrevious MatchNext Match

        1. 7.Financial Markets and Insolvency (Settlement Finality) Regulations 1999Previous MatchNext Match

        2. 8.Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001Previous MatchNext Match

        3. 9.Financial Collateral Arrangements (No 2) Regulations 2003Previous MatchNext Match

        4. 10.Credit Institutions (Reorganisation and Winding up) Regulations 2004Previous MatchNext Match

        5. 11.Financial Services and Markets Act 2000 (Prescribed Financial Institutions) Order 2013Previous MatchNext Match

        6. 12.Financial Services and Markets Act 2000 (Qualifying EU Provisions) Order 2013Previous MatchNext Match

        7. 13.Capital Requirements Regulations 2013Previous MatchNext Match

    7. SCHEDULE 4Previous MatchNext Match

      Modified application of the Companies Act 2006 to banks etc in resolutionPrevious MatchNext Match

      1. PART 1 Provisions concerning the exercise of certain rights of shareholders in listed companiesPrevious MatchNext Match

        1. 1.In relation to a company under resolution, this Part modifies...Previous MatchNext Match

        2. 2.Section 145 (effect of provisions of articles as to enjoyment...Previous MatchNext Match

        3. 3.Section 153 (exercise of rights where shares held on behalf...Previous MatchNext Match

        4. 4.Section 282 (ordinary resolutions) has effect as if, in subsection...Previous MatchNext Match

        5. 5.Section 283 (special resolutions) has effect as if, in subsection...Previous MatchNext Match

        6. 6.Section 284 (votes: general rules) has effect as if, in...Previous MatchNext Match

        7. 7.Section 303 (members' power to require directors to call general...Previous MatchNext Match

        8. 8.Section 307 (notice required of general meeting) has effect as...Previous MatchNext Match

        9. 9.Part 13 (resolutions and meetings) has effect as if section...Previous MatchNext Match

        10. 10.Section 311 (contents of notices of meetings) has effect as...Previous MatchNext Match

        11. 11.Part 13 has effect as if the following sections were...Previous MatchNext Match

        12. 12.Section 327 (notice required of appointment of proxy etc) has...Previous MatchNext Match

        13. 13.Section 330 (notice required of termination of proxy's authority) has...Previous MatchNext Match

        14. 14.Part 13 has effect as if section 333A (traded company:...Previous MatchNext Match

        15. 15.Section 334 (application to class meetings) has effect as if—...Previous MatchNext Match

        16. 16.Section 336 (public companies and traded companies: annual general meeting)...Previous MatchNext Match

        17. 17.Section 337 (public companies and traded companies: notice of AGM)...Previous MatchNext Match

        18. 18.Part 13 has effect as if the following sections were...Previous MatchNext Match

        19. 19.Section 341 (results of poll to be made available on...Previous MatchNext Match

        20. 20.Section 352 (application of provisions to class meetings) has effect...Previous MatchNext Match

        21. 21.Section 360 (computation of periods of notice etc: clear day...Previous MatchNext Match

        22. 22.Section 360A (electronic meetings and voting) has effect as if...Previous MatchNext Match

        23. 23.Part 13 has effect as if the following sections were...Previous MatchNext Match

      2. PART 2 Provisions concerning mergers and divisions of public limited liability companiesPrevious MatchNext Match

        1. 24.In relation to a company under resolution, Part 27 of...Previous MatchNext Match

      3. PART 3 Provisions concerning the maintenance and alteration of a company's share capitalPrevious MatchNext Match

        1. 25.In relation to a company under resolution, this Part modifies...Previous MatchNext Match

        2. 26.Section 550 (power of directors to allot shares etc: private...Previous MatchNext Match

        3. 27.Section 551 (power of directors to allot shares etc: authorisation...Previous MatchNext Match

        4. 28.Part 17 (a company's share capital) has effect as if...Previous MatchNext Match

        5. 29.Section 569 (disapplication of pre-emption rights: private company with only...Previous MatchNext Match

        6. 30.Section 570 (disapplication of pre-emption rights: directors acting under general...Previous MatchNext Match

        7. 31.Section 571 (disapplication of pre-emption rights by special resolution) has...Previous MatchNext Match

        8. 32.Section 586 (public companies: shares must be at least one-quarter...Previous MatchNext Match

        9. 33.Section 593 (public company: valuation of non-cash consideration for shares)...Previous MatchNext Match

        10. 34.Section 617 (alteration of share capital of limited company) has...Previous MatchNext Match

        11. 35.Section 618 (sub-division or consolidation of shares) has effect— Previous MatchNext Match

        12. 36.Section 656 (public companies: duty of directors to call meeting...Previous MatchNext Match

  26. Explanatory NotePrevious Match

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