{
  "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-and-miscellaneous-provisions-amendment-eu-exit-regulations-2018/schedule-3/paragraph-98",
  "json_url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-and-miscellaneous-provisions-amendment-eu-exit-regulations-2018/schedule-3/paragraph-98.json",
  "legislation": "ukdsi/2018/9780111173732",
  "legislation_title": "The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-and-miscellaneous-provisions-amendment-eu-exit-regulations-2018",
  "path": "schedule/3/paragraph/98",
  "kind": "paragraph",
  "number": "98",
  "heading": "Assessment of business organisation plan drawn up for relevant group where the PRA or FCA is the consolidating supervisor",
  "text": "(1) Article 168 (purpose of assessment) is amended as follows.\n(2) In paragraph (2) omit the words from “or the Bank” to “assessment of the plan”.\n(3) In paragraph (3)—\n(a) for sub-paragraph (a) substitute—\n“(a) the plan must include the details specified in section 48H(2) of the Banking Act 2009;”;\n(b) after sub-paragraph (c) insert—\n“(d) the arrangements proposed in the plan must be based on realistic assumptions as to the economic and financial market conditions under which the group entities will operate;\n(e) the plan must take account of the current state of the financial markets and their future prospects, reflecting best-case and worst-case assumptions, including a combination of events allowing the identification of the group entities’ main vulnerabilities; and\n(f) the assumptions made in the plan must be compared with appropriate sector-wide benchmarks.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2018/9780111173732/schedule/3/paragraph/98",
    "retrieved_at": "2026-10-30T15:03:43.472272+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}