# The Bank Recovery and Resolution (No. 2) Order 2014, Article 18: Assessment of group recovery plan


(1) ... The appropriate regulator must assess the group recovery plan, and is solely responsible for the assessment.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) The assessment must take account of—
(a) any recommendations made by the Bank ... to address any course of action proposed in the plan which could have an adverse impact on the resolvability of a group institution; and
(b) the potential impact of the proposed recovery measures on the financial stability of the United Kingdom.

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Source: https://www.legislation.gov.uk/uksi/2014/3348/article/18 (the official version)
Page: https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/article-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.