# The Bank Recovery and Resolution (No. 2) Order 2014, Article 22: Revision of plan


The appropriate regulator—
(a) must notify a UK parent undertaking if the group recovery plan is found on assessment to contain an impediment; and
(b) may not require a UK parent undertaking to revise the plan without giving it an opportunity to state its opinion on that requirement.
(2) If the appropriate regulator requires a UK parent undertaking to revise the plan, it must allow the undertaking two months, which it may on application by the undertaking extend to three months, to prepare a plan which demonstrates that the impediment has been addressed.

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Source: https://www.legislation.gov.uk/uksi/2014/3348/article/22 (the official version)
Page: https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/article-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.