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    2007-08-28

SUP App 2.4 Capital resources below guarantee fund

SUP App 2.4.1R

If a firm's capital resources fall below its guarantee fund, it must, within 14 days of the firm becoming aware of this event, submit to the FSA a short-term financial plan, including:

  1. (1)

    a scheme of operations (see SUP App 2.12); and

  2. (2)

    an explanation of how, if at all, and by when, it expects its capital resources to be adequately restored to the guarantee fund.

SUP App 2.4.2G

See SUP App 2.11.2 G for guidance on the period that the scheme of operations should cover.