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 60 Emergency situations

  1. (1)

    The group-level resolution authority shall establish and regularly test operational procedures for the functioning of the resolution college in emergency situations, in particular systemic ones, which may pose threats to the viability of any of the group entities.

  2. (2)

    Operational procedures referred to in paragraph 1 shall cover at least the following elements:

    1. (a)

      secure means of communication to be used;

    2. (b)

      set of information to be exchanged;

    3. (c)

      relevant persons to be contacted;

    4. (d)

      communication procedures to be followed by the relevant college members.