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.

Article 27 Assessment of feasibility: structure and operations

Resolution authorities shall consider at least the following issues in assessing whether there are potential impediments to resolution related to the structure and operations of the institution or group:

  1. (1)

    matters addressed in paragraphs (a) to (g), (p), (r) and (s) of Schedule 2B to the Bank Recovery and Resolution (No 2) Order 2014;

  2. (2)

    dependencies of material entities and core business lines on infrastructure, information technology, treasury or finance functions, employees or other critical shared services;

  3. (3)

    whether governance, control, and risk management arrangements are consistent with any planned changes to the structure of the institution or group;

  4. (4)

    whether the legal and franchise structure of the institution or group is consistent with any planned changes to the business structure of the institution or group;

  5. (5)

    whether appropriate resolution tools are available with respect to each legal entity as required to deliver the resolution strategy.