{
  "url": "https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/article-171",
  "json_url": "https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/article-171.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/171",
  "kind": "article",
  "number": "171",
  "heading": "Revision of plan",
  "text": "The Bank—\n(a) must notify a ... group entity if the business reorganisation plan is found on assessment to contain an impediment; and\n(b) may not require a ... group entity to revise the plan without giving it an opportunity to state its opinion on that requirement.\n(2) If the Bank requires a ... group entity to revise the plan, the Bank—\n(a) must allow two weeks for the preparation of a plan which demonstrates that the impediment has been addressed;\n(b) within one week beginning with the date on which a revised plan is submitted, must notify the entity whether the impediment has been adequately addressed in the revised plan; and\n(c) if the impediment has not been adequately addressed in the revised plan, must direct the entity to make specific changes to the plan.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in art. 171 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. 100(2); 2020 c. 1, Sch. 5 para. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/3348/article/171",
    "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."
}