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Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
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Article 104 Re-assessment of recovery plans by the PRA or FCA where it is not the consolidating supervisor

Omitted from 31 December 2020

(1) This article applies where -

(a) the PRA or FCA ("the regulator") is a relevant competent authority;

(b) a competent authority other than the regulator prohibits or restricts the provision of financial support to which a relevant notice refers; and

(c) the regulator is the competent authority for the intended recipient.

(2) Where the group recovery plan refers to the provision of group financial support, the regulator may ask the consolidating supervisor for a re-assessment of the plan.

(3) Where the intended recipient has drawn up a recovery plan on an individual basis, the regulator must consider whether to require that plan to be reviewed under article 33.

Comparing proposed amendment...