Article 103 Duties of consolidating supervisor where financial support agreed, prohibited or restricted
This article applies where the PRA or FCA is the consolidating supervisor.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Paragraph (4) applies where—
a competent authority prohibits or restricts the provision of financial support to which a relevant notice refers;
the group recovery plan refers to the provision of group financial support; and
either—
the relevant competent authority for the intended recipient asks the appropriate regulator for a re-assessment of the plan; or
the appropriate regulator is the competent authority for the intended recipient.
The appropriate regulator—
must consider whether to require the group recovery plan to be reviewed under article 34; and
if the appropriate regulator is the competent authority for the intended recipient and the intended recipient has drawn up a recovery plan on an individual basis, must consider whether to require that plan to be reviewed under article 33.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Annotations
Textual amendments
- F1
Art. 103(2) omitted (31.12.2020) by virtue of The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 3 para. 58(2); 2020 c. 1, Sch. 5 para. 1(1)
- F2
Art. 103(5) omitted (31.12.2020) by virtue of The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 3 para. 58(2); 2020 c. 1, Sch. 5 para. 1(1)
Notes on the whole SI
Textual amendments
- F1
Order revoked (14.12.2023 for the revocation of art. 227) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(x)