Article 146

Capital Requirements Regulation (CRR) > PART THREE > TITLE II > CHAPTER 3 > Section 1 > Article 146
Article 146
Measures to be taken where the requirements of this Chapter cease to be met
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Where an institution ceases to comply with the requirements laid down in this Chapter, it shall notify the competent authority and do one of the following:

(a)    present to the satisfaction of the competent authority a plan for a timely return to compliance and realise this plan within a period agreed with the competent authority;

(b)    demonstrate to the satisfaction of the competent authorities that the effect of non-compliance is immaterial.