Regulation 35B Supervisory powersF1

require the reinforcement of the arrangements, processes, mechanisms and strategies implemented in accordance with Directive 2013/36/EU UK law which implemented Articles 73 and 74;

require institutions to present a plan to restore compliance with supervisory requirements and set a deadline for its implementation, including improvements to that plan regarding scope and deadline;

require institutions to apply a specific provisioning policy or treatment of assets in terms of own funds requirements;

to restrict or limit the business, operations or network of institutions or to request the divestment of activities that pose excessive risks to the soundness of an institution;

require the reduction of the risk inherent in the activities, products and systems of institutions;

require institutions to limit variable remuneration as a percentage of net revenues where it is inconsistent with the maintenance of a sound capital base;

require institutions to use net profits to strengthen own funds;

restrict or prohibit distributions or interest payments by an institution to shareholders, members or holders of Additional Tier 1 instruments (which meets the requirements of Article 52 of the capital requirements regulation) where the prohibition does not constitute an event of default of the institution;

impose additional or more frequent reporting requirements, including reporting on capital and liquidity positions;

impose specific liquidity requirements, including restrictions on maturity mismatches between assets and liabilities;

require additional disclosures.