[190A Assessment and resolution]

[190A  Assessment and resolution]

[(1)     This section applies if—

(a)     the appropriate regulator receives a section 178 notice in relation to a [qualifying credit institution], investment firm or banking group company,

(b)     as a result of a direction under section 189(1A) or the application of section 189(1ZB), the appropriate regulator is required to act under this Part in a timely manner in relation to that notice, and

(c)     the appropriate regulator does not complete the assessment required by section 185 before a relevant transfer instrument has been made by the Bank of England which transfers shares issued by, or voting power

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