[137J Rules about recovery plans: duty to consult]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[137J  Rules about recovery plans: duty to consult]

[(1)     Before either regulator prepares a draft of any general rules that require [a] relevant person (or [a] relevant person of a specified description) to prepare a recovery plan, the regulator must consult [the Treasury].

[(1A)     The FCA must also consult the Bank of England.]

[(2)     “Relevant person” means—

(a)     an institution authorised in the UK; or

(b)     a qualifying parent undertaking within the meaning given by

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