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Section 66(1)

A notice under article 65 has the effect of suspending the Bank's duty to draw up a resolution plan for the institution (or review the resolution plan adopted for the institution) until the Bank has approved relevant proposals or exercised pre-resolution powers.

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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.