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
171 Revision of plan
The Bank— (a) must notify a ... group entity if the business reorganisation plan is found on assessment to contain an impediment; and (b) may not require a ... group entity to revise the plan without giving it an opportunity to state its opinion on that requirement. (2) If the Bank requires a ... group entity to revise the plan, the Bank— (a) must allow two weeks for the preparation of a plan which demonstrates that the impediment has been addressed; (b) within one week beginning with the date on which a revised plan is submitted, must notify the entity whether the impediment has been adequately addressed in the revised plan; and (c) if the impediment has not been adequately addressed in the revised plan, must direct the entity to make specific changes to the plan.
171 Revision of plan
The Bank— (a) must notify a ... group entity if the business reorganisation plan is found on assessment to contain an impediment; and (b) may not require a ... group entity to revise the plan without giving it an opportunity to state its opinion on that requirement. (2) If the Bank requires a ... group entity to revise the plan, the Bank— (a) must allow two weeks for the preparation of a plan which demonstrates that the impediment has been addressed; (b) within one week beginning with the date on which a revised plan is submitted, must notify the entity whether the impediment has been adequately addressed in the revised plan; and (c) if the impediment has not been adequately addressed in the revised plan, must direct the entity to make specific changes to the plan.
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