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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
Version 3 of 3

Article 165 Application and interpretation of Chapter 3

(1) This Chapter applies where, in relation to a relevant group -

(a) the PRA or FCA is the consolidating supervisor;

(b) a relevant bail-in power has been exercised in respect of two or more group entities; and

(c) a group entity submits a business reorganisation plan to the Bank for assessment in accordance with section 48H of the Banking Act 2009 (including that section as applied in consequence of the provision made by section 81BA, 83A, 84 or 89A of that Act) .

(2) In this Chapter -

"four month period" means four months beginning with the date on which the Bank receives the business reorganisation plan under paragraph (1)(c);