(1) The rules provided for in Regulations 241 and 242 shall cease to apply where -
(a) the condition referred to in Regulation 239(a) is no longer complied with;
(b) the condition referred to in Regulation 239(b) is no longer complied with and the group does not restore compliance with this condition in an appropriate period of time;
(c) the conditions referred to in Regulation 239(c) and (d) are no longer complied with.
(2) In the case referred to in paragraph (1)(a), where the Bank, as the group supervisor of a group, decides, after consulting the college of supervisors, no longer to include the subsidiary undertaking in the group supervision it carries out, it shall immediately inform the supervisory authority concerned and the parent undertaking.
(3) For the purposes of Regulation 239(b), (c) and (d) the parent undertaking shall be responsible for ensuring that the conditions are complied with on an ongoing basis and, in the event of non-compliance, it shall inform the group superv
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