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 2 Procedures for sharing information with other competent authorities and EBA

When sharing assessments made in accordance with Article 78(3) of Directive 2013/36/EU, competent authorities shall provide the following information:

  1. (a)

    the conclusions and rationale of their assessment, based on the application of the assessment standards referred to in Articles 3 to 11;

  2. (b)

    their views on the level of potential underestimation of own fund requirements stemming from the internal approaches used by institutions.