Care Standards Act 2000
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Change 1
30ZG Power to require provision of recovery and resolution plan
(1) The Secretary of State may serve a written notice on a person who is subject to financial oversight requiring the person to— (a) prepare a recovery and resolution plan, and (b) submit the plan to the Secretary of State before the end of the period specified in the notice. (2) A recovery and resolution plan is a plan containing information about— (a) the nature and extent of any risk to the financial sustainability of the person, (b) the action the person proposes to take to mitigate or eliminate those risks, (c) any adverse impacts on local authorities, and children looked after by local authorities, that might result if those risks materialised, and (d) the action the person proposes to take to reduce those adverse impacts if they arise. (3) The period mentioned in subsection (1)(b) must not be less than 28 days beginning with the day on which the notice is served on the person. (4) Subsection (5) applies where the person on whom the Secretary of State serves a notice under subsection (1) is a parent undertaking of a relevant provider. (5) The Secretary of State may also require that the information provided under subsection (2)(a) is to include information about the nature and extent of any risks to the financial sustainability of the relevant subsidiary undertakings of the parent undertaking. (6) The Secretary of State may serve written notice on a person who has submitted a recovery and resolution plan requiring the person to provide an explanation of any information contained in the plan. (7) Subsection (8) applies where— (a) a person has submitted a recovery and resolution plan to the Secretary of State, (b) there is a material change to the matters mentioned in subsection (2), and (c) the person is subject to financial oversight when the change occurs. (8) The person must inform the Secretary of State of the change as soon as is reasonably practicable.
30ZG Power to require provision of recovery and resolution plan
(1) The Secretary of State may serve a written notice on a person who is subject to financial oversight requiring the person to— (a) prepare a recovery and resolution plan, and (b) submit the plan to the Secretary of State before the end of the period specified in the notice. (2) A recovery and resolution plan is a plan containing information about— (a) the nature and extent of any risk to the financial sustainability of the person, (b) the action the person proposes to take to mitigate or eliminate those risks, (c) any adverse impacts on local authorities, and children looked after by local authorities, that might result if those risks materialised, and (d) the action the person proposes to take to reduce those adverse impacts if they arise. (3) The period mentioned in subsection (1)(b) must not be less than 28 days beginning with the day on which the notice is served on the person. (4) Subsection (5) applies where the person on whom the Secretary of State serves a notice under subsection (1) is a parent undertaking of a relevant provider. (5) The Secretary of State may also require that the information provided under subsection (2)(a) is to include information about the nature and extent of any risks to the financial sustainability of the relevant subsidiary undertakings of the parent undertaking. (6) The Secretary of State may serve written notice on a person who has submitted a recovery and resolution plan requiring the person to provide an explanation of any information contained in the plan. (7) Subsection (8) applies where— (a) a person has submitted a recovery and resolution plan to the Secretary of State, (b) there is a material change to the matters mentioned in subsection (2), and (c) the person is subject to financial oversight when the change occurs. (8) The person must inform the Secretary of State of the change as soon as is reasonably practicable.
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