Content Options

Content Options

View Options

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.

You are viewing the version of the document as on 2021-01-01.

Article 7 Provision of additional information for the purpose of individual or group resolution plans

  1. (1)

    Where a resolution authority or a group-level resolution authority, considers information not covered by any template set out in Annex I to be necessary for the purposes of drawing up and implementing resolution plans, or where the format in which additional information is provided by the competent authority pursuant to Article 8(2) is not suitable for the purposes of drawing up or implementing resolution plans, the resolution authority shall request such information from the institution or the UK parent undertaking.

  2. (2)

    For the purposes of the request pursuant to paragraph 1, the resolution authority shall:

    1. (a)

      identify the additional information to be provided;

    2. (b)

      specify, taking into account the volume and complexity of the required information, the appropriate timeframe within which the institution or, in the case of groups the UK parent undertaking, shall provide the information to the resolution authority;

    3. (c)

      specify the format to be used by institutions or, in the case of groups, by UK parent undertakings in order to provide the information to the resolution authority;

    4. (d)

      specify whether the information has to be completed on an individual or group level basis and whether its scope is local or global;

    5. (e)

      provide the necessary contact details for the purposes of providing the additional information.