IFPRU 11.4 Information for resolution plans

Application

IFPRU 11.4.1R

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 EEA parent undertaking of an RRD group;

  3. (3)

    a qualifying parent undertaking that is the EEA parent undertaking of an RRD group; and

  4. (4)

    an IFPRU 730k firm that is the subsidiary of the EEA parent undertaking of an RRD group:

    1. (a)

      where the EEA parent undertaking is an EEA parent financial holding company or an EEA parent mixed financial holding company that is incorporated in, or formed under, the law of an EEA state other than the United Kingdom; and

    2. (b)

      the IFPRU 730k firm has the FCA as its consolidating supervisor.

IFPRU 11.4.2R

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

Submission of resolution plan information

IFPRU 11.4.3R

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 11.4.4R

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]