The appropriate regulator -

(a) must notify a UK parent undertaking if the group recovery plan is found on assessment to contain an impediment; and

(b) may not require a UK parent undertaking to revise the plan without giving it an opportunity to state its opinion on that requirement.

(2) If the appropriate regulator requires a UK parent undertaking to revise the plan, it must allow the undertaking two months, which it may on application by the undertaking extend to three months, to prepare a plan which demonstrates that the impediment has been addressed.