(1) The Bank must assess the business reorganisation plan jointly with other resolution authorities for group entities.
(2) The Bank must endeavour to conclude the assessment within the four month period, and must for this purpose endeavour to reach a joint decision on relevant matters.
(3) Where the Bank concludes a joint assessment of the business reorganisation plan, it must exercise its powers under the Banking Act 2009, so far as necessary, for the purpose of implementing each decision on relevant matters, including a decision to direct a UK group entity to -
(a) submit a revision of the plan; or
(b) make specific changes to the plan.
(4) Where the Bank and the group-level resolution authority -
(a) are able to conclude a joint assessment of the business reorganisation plan, but
(b) are unable to reach a joint decision on whether to require group entities to draw up and submit business reorganisation plans on an individual basis,
the Bank must decide the matter referred to in