(1) This article applies where the appropriate regulator proposes to take a measure for early intervention or appoint a temporary manager in respect of a UK group entity.
(2) The appropriate regulator must without delay give notice of its proposal to the Bank, other relevant competent authorities, the consolidating supervisor and the EBA.
(3) The appropriate regulator must not take a measure for early intervention or appoint a temporary manager in respect of a UK group entity without -
(a) allowing three days, beginning with the day on which it gives notice under paragraph (2), for consultation with the consolidating supervisor about the proposal; and
(b) taking account of -
(i) any assessment by the consolidating supervisor of the impact that the proposal would have on any group entity or on the relevant group as a whole; and
(ii) the potential impact of the proposal on group entities set up in another EEA State and the stability of the financial system of that State.