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 11.4 Information for resolution plans

Application

IFPRU 11.4.1RRP

This section applies to:

  1. (1)

    an IFPRU 730k firm that is not subject to supervision on a consolidated basis;

  2. (2)

    a firm that is the UK parent undertaking of an RRD group; and1

  3. (3)

    a qualifying parent undertaking that is the UK parent undertaking of an RRD group.1

  4. (4)

    [deleted]1

IFPRU 11.4.2RRP

This section only applies if the Bank of England is the resolution authority of the firm or group.

Submission of resolution plan information

IFPRU 11.4.3RRP

A firm or qualifying parent undertaking must send the information in IFPRU 11 Annex 2R (Resolution plan information) to the FCA in line with SUP 16.20 (Recovery plans and information for resolution plans).

[Note: article 11(1)(b) of RRD]

Notification of material change to resolution plan information

IFPRU 11.4.4RRP

A firm or qualifying parent undertaking must notify the FCA without delay of a change to any of the following which could have materially affect the information in IFPRU 11 Annex 2R (Resolution plan information):

  1. (1)

    its legal or organisational structure;

  2. (2)

    its business; or

  3. (3)

    its financial situation.

[Note: article 10(6) second paragraph of RRD]