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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2022 - onwards
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192T. Measures

(1) Where the PRA determines that the conditions in section 192R are not met, or have ceased to be met, by a company which is subject to the requirement for approval under section 192P(1), the PRA must take appropriate measures in relation to the company -

(a) to ensure the continuity and integrity of the consolidated or sub-consolidated supervision of the group of which the company is part (the "relevant group");

(b) to ensure that the relevant group complies with the requirements in Directive 2013/36/EU UK law, CRR rules and the capital requirements regulation on a consolidated or sub-consolidated basis, and

(c) to ensure that the relevant group complies with section 192XA rules.

(2) Measures taken under subsection (1) may include a direction -

(a) suspending the exercise by the company of voting rights attached to the shares of specified subsidiary institutions held by the company;

(b) requiring the company to transfer its holdings in its subsidiary institutions to its shareholders;

Comparing proposed amendment...