Article 23 Business changes and relevant measures

a UK F1parent undertaking fails to submit a revision of the group recovery plan within the time allowed by the appropriate regulator; or

the appropriate regulator considers that an impediment has not been adequately addressed in a revision of the plan and cannot be adequately addressed by directing F2the UK parent undertaking to make specific changes to the plan.

direct the UK F4parent undertaking to propose business changes; and

if F5the UK parent undertaking fails to propose business changes within the time allowed by the appropriate regulator or the appropriate regulator considers that any business changes proposed by the UK parent undertaking would not adequately address the impediment, determine whether to direct the UK parent undertaking to take relevant measures.