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
As published
150 Determinations under section 6A and 81AA of the Banking Act 2009: preliminary steps for UK group entities
(1) Before the Bank makes a determination that Case 2, 4 or 5 is satisfied in relation to a UK group entity, the Bank must give notice that it is considering whether to make that determination (“a Case 2, 4 or 5 notice”) without delay to the appropriate regulator.
(2) Before the Bank makes a determination ... that Case 3 is satisfied in relation to a UK group entity, the Bank must give notice that it is considering whether to make that determination (“a Case 3 notice”) without delay to the appropriate regulator.
(3) Where the Bank gives a Case 2, 4 or 5 notice or a Case 3 notice, it must—
(a) send with the notice an explanation of its reasons for considering whether to make the determination concerned; and
(b) after consulting the authorities to which the notice has been given assess whether—
(i) any alternative measure is available;
(ii) any alternative measure which is available could feasibly be taken; and
(iii) there is any reasonable prospect that any alternative measure which is available and could feasibly be taken would, within a reasonable time, avoid the need for the determination.
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Your change, as a redline
150 Determinations under section 6A and 81AA of the Banking Act 2009: preliminary steps for UK group entities
(1) Before the Bank makes a determination that Case 2, 4 or 5 is satisfied in relation to a UK group entity, the Bank must give notice that it is considering whether to make that determination (“a Case 2, 4 or 5 notice”) without delay to the appropriate regulator.
(2) Before the Bank makes a determination ... that Case 3 is satisfied in relation to a UK group entity, the Bank must give notice that it is considering whether to make that determination (“a Case 3 notice”) without delay to the appropriate regulator.
(3) Where the Bank gives a Case 2, 4 or 5 notice or a Case 3 notice, it must—
(a) send with the notice an explanation of its reasons for considering whether to make the determination concerned; and
(b) after consulting the authorities to which the notice has been given assess whether—
(i) any alternative measure is available;
(ii) any alternative measure which is available could feasibly be taken; and
(iii) there is any reasonable prospect that any alternative measure which is available and could feasibly be taken would, within a reasonable time, avoid the need for the determination.
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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