22.—(1) Section 48H (business reorganisation plans) is amended as follows.U.K.
(2) In subsection (1)—
(a)omit the “and” after paragraph (a);
(b)after paragraph (b) insert—
“; and
(c)submit to the Bank of England progress reports on the implementation of the plan at such intervals as the instrument may require.”.
(3) After subsection (7) insert—
“(7A) The Bank of England may make technical standards which—
(a)require progress reports mentioned in subsection (1)(c) to include such matters as are specified in the technical standards; or
(b)otherwise relate to the content of those progress reports, so far as dealing with matters so specified.”.
Commencement Information
I1Sch. 1 para. 22 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)