The Bank Recovery and Resolution (No. 2) Order 2014
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
103 Duties of consolidating supervisor where financial support agreed, prohibited or restricted
(1) This article applies where the PRA or FCA is the consolidating supervisor. (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) Paragraph (4) applies where— (a) a competent authority prohibits or restricts the provision of financial support to which a relevant notice refers; (b) the group recovery plan refers to the provision of group financial support; and (c) either— (i) the relevant competent authority for the intended recipient asks the appropriate regulator for a re-assessment of the plan; or (ii) the appropriate regulator is the competent authority for the intended recipient. (4) The appropriate regulator— (a) must consider whether to require the group recovery plan to be reviewed under article 34; and (b) if the appropriate regulator is the competent authority for the intended recipient and the intended recipient has drawn up a recovery plan on an individual basis, must consider whether to require that plan to be reviewed under article 33. (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
103 Duties of consolidating supervisor where financial support agreed, prohibited or restricted
(1) This article applies where the PRA or FCA is the consolidating supervisor. (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) Paragraph (4) applies where— (a) a competent authority prohibits or restricts the provision of financial support to which a relevant notice refers; (b) the group recovery plan refers to the provision of group financial support; and (c) either— (i) the relevant competent authority for the intended recipient asks the appropriate regulator for a re-assessment of the plan; or (ii) the appropriate regulator is the competent authority for the intended recipient. (4) The appropriate regulator— (a) must consider whether to require the group recovery plan to be reviewed under article 34; and (b) if the appropriate regulator is the competent authority for the intended recipient and the intended recipient has drawn up a recovery plan on an individual basis, must consider whether to require that plan to be reviewed under article 33. (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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