Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.


Status: This chapter was amended on 31 December 2020 as a result of Brexit. However, it is subject to the FCA Prudential Transitional Direction, which means that firms should not comply with these provisions yet. Instead, firms must follow this link and continue to comply with pre-IP completion day requirements https://www.handbook.fca.org.uk/handbook?date=31-12-2020&timeline=True (unless specified otherwise in the Direction). To see a full list of Handbook modules affected, please see Section B of the Annex to the Direction.

IFPRU 10.5 Capital conservation plan

IFPRU 10.5.1RRP

When a firm does not meet the combined buffer, it must prepare a capital conservation plan and submit it to FCA no later than five business days after the firm identified that it did not meet the combined buffer.

[Note: article 142(1) of CRD]

IFPRU 10.5.2RRP

The capital conservation plan must include the following

  1. (1)

    the MDA;

  2. (2)

    estimates of income and expenditure and a forecast balance sheet;

  3. (3)

    measures to increase the capital ratios of the firm; and

  4. (4)

    a plan and timeframe for the increase of own funds with the objective of meeting the combined buffer.

[Note: article 142(2) of CRD]