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
11 Application and interpretation of Chapter 1
(1) This Chapter applies where an institution— (a) is authorised by the PRA or FCA and is not part of a group subject to supervision on a consolidated basis in accordance with the capital requirements regulation and CRR rules; and (b) submits a recovery plan to the appropriate regulator for assessment .... (2) In this Chapter “relevant measures” means measures to maintain or restore the viability and financial position of the institution, including measures to— (a) reduce its risk profile, including its liquidity risk profile; (b) review its structure and strategy; (c) enable it to undertake timely recapitalisation; (d) change its funding strategy in order to improve the resilience of core business lines and critical functions; and (e) change its governance structure.
11 Application and interpretation of Chapter 1
(1) This Chapter applies where an institution— (a) is authorised by the PRA or FCA and is not part of a group subject to supervision on a consolidated basis in accordance with the capital requirements regulation and CRR rules; and (b) submits a recovery plan to the appropriate regulator for assessment .... (2) In this Chapter “relevant measures” means measures to maintain or restore the viability and financial position of the institution, including measures to— (a) reduce its risk profile, including its liquidity risk profile; (b) review its structure and strategy; (c) enable it to undertake timely recapitalisation; (d) change its funding strategy in order to improve the resilience of core business lines and critical functions; and (e) change its governance structure.
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