Related provisions for GENPRU 1.2.80
1 - 4 of 4 items.
The focus of the risk assessment is on the firm's obligations towards the pension scheme, not of the pension scheme itself (ie, the scheme’s assets and liabilities). A firm should include in its estimate of financial resources both its expected obligations to the pension scheme and any increase in obligations that may arise in a stress scenario.
(1) A firm that does not meet the combined buffer must:(a) calculate the MDA in accordance with (4); and (b) report the MDA to the FCA in writing no later than five business days after the firm identified that it did not meet the combined buffer. (2) A firm that does not meet the combined buffer must not undertake any of the following actions before it has calculated the MDA:(a) make a distribution in connection with common equity tier 1 capital;(b) create an obligation to pay