# The Bank Recovery and Resolution (No. 2) Order 2014, Paragraph 1: Impediments to the effectiveness of resolution action

Extent: E+W+S+N.I.

A resolution plan must—
(a) identify and assess any material impediments to the effectiveness of the application of resolution tools or the exercise of resolution powers or the achievement of the resolution objectives; and
(b) unless the Bank determines that it is unnecessary or disproportionate, outline action that could be taken to address the impediments in accordance with Part 6.

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Source: https://www.legislation.gov.uk/uksi/2014/3348/schedule/1/paragraph/1 (the official version)
Page: https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/schedule-1/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.