SUP 16.20 Submission of recovery plans and information for resolution plans
Application
1This section applies to a firm or qualifying parent undertaking who is required to send any of the following types of information to the FCA:
-
(1)
recovery plans in line with IFPRU 11.2 (Individual recovery plans); or
-
(2)
group recovery plans in line with IFPRU 11.3 (Group recovery plans); or
-
(3)
information required for resolution plans in line with IFPRU 11.4 (Information for resolution plans).
Submission of recovery plans and group recovery plans
A firm or qualifying parent undertaking must send its recovery plan or group recovery plan to the FCA within three months of the reporting reference dates specified in the table below:
|
Type of firm or qualifying parent undertaking |
Type of plan |
Total balance sheet assets (see SUP 16.20.3 G) |
First reporting reference date |
Ongoing reporting reference date |
|
firm or qualifying parent undertaking in an RRD group that includes an IFPRU 730k firm that is a significant IFPRU firm or does not include an IFPRU 730k firm |
More than £2.5 billion |
30 June 2015 |
Every year on the same date as the first reporting reference date. |
|
|
More than £1 billion and less than £2.5 billion |
30 September 2015 |
|||
|
More than £500 million and less than £1 billion |
31 December 2015 |
|||
|
Less than £500 million |
31 March 2016 |
|||
|
More than £2.5 billion |
30 June 2015 |
Every year on the same date as the first reporting reference date. |
||
|
More than £1 billion and less than £2.5 billion |
30 September 2015 |
|||
|
More than £500 million and less than £1 billion |
31 December 2015 |
|||
|
Less than £500 million |
31 March 2016 |
|||
|
firm or qualifying parent undertaking in an RRD group that includes an IFPRU 730k firm that is not a significant IFPRU firm (but does not include an IFPRU 730k firm that is a significant IFPRU firm) |
More than £50 million and less than £500 million |
30 September 2015 |
Every two years on the same date as the first reporting reference date. |
|
|
More than £15 million and less than £50 million |
31 December 2015 |
|||
|
More than £5 million and less than £15 million |
31 March 2016 |
|||
|
Less than £5 million |
30 June 2016 |
|||
|
More than £50 million and less than £500 million |
30 September 2015 |
Every two years on the same date as the first reporting reference date. |
||
|
More than £15 million and less than £50 million |
31 December 2015 |
|||
|
More than £5 million and less than £15 million |
31 March 2016 |
|||
|
Less than £5 million |
30 June 2016 |
[Note: articles 4(1)(b) and 6(1) of RRD]
-
(1)
The calculation of total balance sheet assets for SUP 16.20.2 R should be consistent with the way this figure is calculated for determining whether a firm is a significant IFPRU firm.
-
(2)
For group recovery plans, the calculation of total balance sheet assets should be based on the assets of the largest RRD institution in the group.
Submission of information for resolution plans
A firm or qualifying parent undertaking must send the information required for a resolution plan to the FCA within three months of the reporting reference dates specified in the table below:
|
Type of firm or qualifying parent undertaking |
First reporting reference date |
Ongoing reporting reference date |
|
firm or qualifying parent undertaking in an RRD group that includes an IFPRU 730k firm that is a significant IFPRU firm or does not include an IFPRU 730k firm |
30 June 2015 |
Every two years on the same date as the first reporting reference date. |
|
30 June 2015 |
Every two years on the same date as the first reporting reference date. |
|
|
firm or qualifying parent undertaking in an RRD group that includes an IFPRU 730k firm that is not a significant IFPRU firm (but does not include an IFPRU 730k firm that is a significant IFPRU firm) |
31 December 2015 |
Every three years on the same date as the first reporting reference date. |
|
31 December 2015 |
Every three years on the same date as the first reporting reference date. |
[Note:articles 4(1)(b), 11(1) and 13(1) of RRD]
Submission of information for RRD institutions and RRD groups authorised or created after the first reporting date
Where an RRD institution is authorised or an RRD group is created after the first reporting reference date that would have applied to that firm or qualifying parent undertaking in line with SUP 16.20.2 R and SUP 16.20.4 R, the firm or qualifying parent undertaking must:
-
(1)
send its first recovery plan or group recovery plan and resolution plan information within three months of the first quarter end date which falls after six months of the date of the authorisation of the RRD institution or creation of the RRD group; and
-
(2)
send its ongoing recovery plan or group recovery plan:
- (a)
every year within three months of the same date as the first reporting reference date for a significant IFPRU firm or a group that includes a significant IFPRU firm; or
- (b)
every two years within three months of the same date as the first reporting reference date for a firm that is not a significant IFPRU firm or a group that does not include3 a significant IFPRU firm.
- (a)
Method for submitting recovery plans and information for resolution plans
2A firm must submit its recovery plan and the information required for its resolution plan to the FCA online through the appropriate systems accessible from the FCA’s website, using the forms specified in SUP 16 Annex 40R.