[142K Cases in which group restructuring powers become exercisable]
[142K Cases in which group restructuring powers become exercisable]

[(1)     The appropriate regulator may exercise the group restructuring powers only if it is satisfied that one or more of Conditions A to D is met in relation to a ring-fenced body that is a member of a group.

(2)     Condition A is that the carrying on of core activities by the ring-fenced body is being adversely affected by the acts or omissions of other members of its group.

(3)     Condition B is that in carrying on its business the ring-fenced body—

(a)     is unable to take decisions independently of other members of its group, or