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 100 Consultation on the draft assessment or decision on the need for a group resolution scheme

  1. (1)

    The members of the resolution college receiving the draft assessment or draft decision shall express their material diverging views or concerns, if any.

  2. (2)

    Material divergent views and concerns shall be clearly set out in writing, which may be submitted in electronic format, and shall be fully reasoned.

  3. (3)

    Material divergent views and concerns shall only be expressed, without undue delay recognising the urgency of the situation and by the set time limit.

  4. (4)

    Upon expiry of the time limit, the group-level resolution authority shall presume consent of the members who did not express any material divergent views or concerns.