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 47 Communication of the competent authority to the resolution authority of the received notification

Upon receipt of the notification referred to in Article 46, the competent authority shall immediately send the following information to the resolution authority:

  1. (1)

    a copy of the notification received including all the information referred to in Article 46(1);

  2. (2)

    the details of crisis prevention measures or actions referred to in article 182 of the Bank Recovery and Resolution (No. 2) Order 2014 that the competent authority has taken or requires a recovery and resolution entity to take, where relevant;

  3. (3)

    any additional supporting documents the competent authority deems necessary for the resolution authority to be able to take an informed decision.