{
  "url": "https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/article-151",
  "json_url": "https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/article-151.json",
  "legislation": "uksi/2014/3348",
  "legislation_title": "The Bank Recovery and Resolution (No. 2) Order 2014",
  "legislation_url": "https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014",
  "path": "article/151",
  "kind": "article",
  "number": "151",
  "heading": "Regulator to take alternative measures",
  "text": "(1) Where, in the Bank's assessment, there is a reasonable prospect that an alternative measure which is available and could feasibly be taken would, within a reasonable time, avoid the need for the determination referred to in a Case 2, 4 or 5 notice or a Case 3 notice—\n(a) the Bank must notify the regulator of that fact; and\n(b) except where the measure is a transfer of funds from a parent undertaking, the regulator must take the alternative measure in exercise of its powers under FSMA.\n(2) In this article “the regulator”—\n(a) where there is a PRA-authorised person and any other UK authorised person in the relevant group, means the PRA and the FCA;\n(b) where there is a PRA-authorised person and no other UK authorised person in the relevant group, means the PRA;\n(c) where there is no PRA-authorised person in the relevant group, means the FCA.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/3348/article/151",
    "retrieved_at": "2026-10-28T23:53:03.627932+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}