(1) The purpose of the assessment of the group recovery plan is to determine whether the plan meets the criteria for assessment and decide other relevant matters.
(2) The criteria for assessment are that the plan must satisfy the requirements of Schedule A1 and that the arrangements proposed in the plan -
(a) would, if implemented, be reasonably likely to maintain or restore the viability and financial position of group institutions; and
(b) would be reasonably likely to be implemented quickly and effectively in situations of financial stress and, as far as possible, without any material adverse impact on the financial system of the United Kingdom.
(2A) The PRA and the FCA may each make technical standards relating to the criteria referred to in paragraph (1) for a group recovery plan submitted by a group entity that it has authorised.
(3) The appropriate regulator must ensure that the group recovery plan is not assessed without consideration of -
(a) any preparatory measures taken or
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