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    2014-01-03

IFPRU 2.5 Recovery and resolution plans

IFPRU 2.5.1R

A firm must have in place:

  1. (1)

    recovery plans for the restoration of its financial situation following a significant deterioration; and

  2. (2)

    viable resolution plans setting out options for the orderly resolution of the firm in the case of failure.

IFPRU 2.5.2R

For the purpose of IFPRU 2.5.1 R, a firm must:

  1. (1)

    cooperate closely with resolution authorities; and

  2. (2)

    provide the resolution authorities with all information necessary for their preparation and drafting of the resolution plans.

Note: article 74(4) of CRD]