# Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (Text with EEA relevance), Article 146: Measures to be taken where the requirements of this Chapter cease to be met

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

Where an institution ceases to comply with the requirements laid down in this Chapter, it shall notify the competent authority and do one of the following:
(a) present to the satisfaction of the competent authority a plan for a timely return to compliance and realise this plan within a period agreed with the competent authority;
(b) demonstrate to the satisfaction of the competent authorities that the effect of non-compliance is immaterial.

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Source: https://www.legislation.gov.uk/eur/2013/575/article/146 (the official version)
Page: https://openlegislation.uk/eu-regulation-2013-575/article-146
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.