IFPRU 10.5 Capital conservation plan

When a firm does not meet the combined buffer, it must prepare a capital conservation plan and submit it to FCA no later than five business days after the firm identified that it did not meet the combined buffer.

[Note: article 142(1) of CRD]

The capital conservation plan must include the following

1. (1)

   the MDA;

2. (2)

   estimates of income and expenditure and a forecast balance sheet;

3. (3)

   measures to increase the capital ratios of the firm; and

4. (4)

   a plan and timeframe for the increase of own funds with the objective of meeting the combined buffer.

[Note: article 142(2) of CRD]