(1) This Chapter applies where -

(a) an institution is authorised by the PRA or FCA and is not part of a group subject to supervision on a consolidated basis in accordance with the capital requirements regulation and CRR rules;

(b) the Bank has made a resolution instrument under section 12A of the Banking Act 2009 [Section 12A was inserted by the Financial Services (Banking Reform) Act 2013, Schedule 2, paragraphs 1 and 2; and was amended by S.I. 2014/3329.] (bail-in option) in respect of the institution; and

(c) the management body of the institution or the resolution administrator submits a business reorganisation plan to the Bank for assessment in accordance with section 48H of the Banking Act 2009 (business reorganisation plan).

(2) In this Chapter -

"resolution administrator" means the individual or body corporate appointed by the Bank under section 62B of the Banking Act 2009 [Section 62B was inserted by S.I. 2014/3329.] as the resolution administrator of the institution.