IFPRU 2.5 Recovery and resolution plans

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.

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.