(1) A resolution instrument may require a resolution administrator, or one or more directors of the bank, to -
(a) draw up a business reorganisation plan with respect to the bank,
(b) submit it to the Bank of England within the period allowed by (or under) the instrument; and
(c) submit to the Bank of England progress reports on the implementation of the plan at such intervals as the instrument may require.
(2) "Business reorganisation plan" means a plan that includes -
(a) an assessment of the factors that caused Condition 1 in section 7 to be met in the case of the bank,
(b) a description of the measures to be adopted with a view to restoring the viability of the bank, and
(c) a timetable for the implementation of those measures.
(3) Where a person has submitted a business reorganisation plan to the Bank of England under subsection (1) (or has re-submitted a plan under subsection (4)), the Bank of England -
(a) must approve the plan if satisfied that the plan is appropriately designe
…