SUP App 2.4 Capital resources below guarantee fund
If a firm's capital resources fall below its guarantee fund, it must, within 14 days of the firm becoming aware of this event, submit to the FSA a short-term financial plan, including:
- (1)
a scheme of operations (see SUP App 2.12); and
- (2)
an explanation of how, if at all, and by when, it expects its capital resources to be adequately restored to the guarantee fund.
See SUP App 2.11.2 G for guidance on the period that the scheme of operations should cover.