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SUP 16.30 Baseline Financial Resilience Report

Application

SUP 16.30.1R

1This section applies to any firm except:

  1. (1)

    a firm with limited permission2;

  2. (2)

    a MIFIDPRU investment firm;

  3. (3)

    a not-for-profit debt advice body;

  4. (4)

    a PRA-authorised person;

  5. (5)

    a supervised run-off firm; and

  6. (6)

    a TP firm.

SUP 16.30.3R

1In this section, a reference to a firm includes the firms listed in SUP 16.30.2.

Purpose

SUP 16.30.4G

1The purpose of this section is to require firms to provide the FCA with regular information in a standard format. This information will assist the FCA in assessing firms’ financial resilience and targeting supervisory resources according to firms’ risk of failure and the harm they would cause if they failed.

Reporting requirement

SUP 16.30.5R

1A firm to which this section applies must submit FIN 073 (‘the Baseline Financial Resilience Report’):

  1. (1)

    in the format set out in SUP 16 Annex 53R;

  2. (2)

    in accordance with the instructions in SUP 16 Annex 54G; and

  3. (3)

    online, through the appropriate systems accessible from the FCA’s website.

SUP 16.30.6R

1The information in the Baseline Financial Resilience Report must be denominated in pound sterling.

Frequency and timing of report

SUP 16.30.7R

1A firm must submit the Baseline Financial Resilience Report:

  1. (1)

    once every quarter; and

  2. (2)

    within 20 business days after the relevant reporting reference date.

SUP 16.30.8R

1A firm’s reporting reference dates are:

  1. (1)

    Its accounting reference date;

  2. (2)

    Its accounting reference date plus 3 months;

  3. (3)

    Its accounting reference date plus 6 months; and

  4. (4)

    Its accounting reference date plus 9 months.

SUP 16.30.9R

1 The information in the Baseline Financial Resilience Report must show the position at the relevant reporting reference date.