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Section 11(1)

This Chapter applies where an institution— is authorised by the PRA or FCA and is not part of a group subject to supervision on a consolidated basis in accordance with the capital requirements regulation and CRR rules; and submits a recovery plan to the appropriate regulator for assessment ....

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Source: legislation.gov.uk · retrieved 2026-09-04 · Text as consolidated on 2026-01-01; changes after this date are not shown.