1. (1)

   Notifications submitted under articles 182 and 183 of the Bank Recovery and Resolution (No.2) Order 2014 and rules 8.2 and 8.3 of the Notifications Part of the PRA Rulebook and rule IFPRU 11.7 of the Recovery and Resolution Part of the FCA Handbook shall be in writing and transmitted by adequate and safe electronic means.

2. (2)

   The relevant authorities shall specify the contact details for submitting a notification and make these publicly available.

3. (3)

   Before sending a notification, the sender may make contacts orally with the relevant authorities to inform them that a notification is being submitted.

4. (4)

   For the purpose of notifications referred to in Article 45(1) competent authorities and resolution authorities shall use the language in common use for cooperation with each other.

5. (5)

   The relevant authorities shall acknowledge receipt of the notification to the sender specifying the date and time of receipt as recorded by the recipient and the contact details of the staff handling the notification.

1. (1)

   The notifications submitted by the management body of a recovery and resolution entity to a competent authority, shall include:

   1. (a)

      the name, the address of the registered office and, where available, the legal entity identifier of the recovery and resolution entity sending the notification;

   2. (b)

      the name and address of the registered office of the immediate and ultimate parent undertaking of that recovery and resolution entity, where relevant;

   3. (c)

      the relevant information and analyses that the management body took into account when performing the assessment for determining that the conditions section 7(2) of the Banking Act 2009 have been met;

   4. (d)

      a copy of the management body's written resolution confirming its assessment that the recovery and resolution entity is failing or likely to fail;

   5. (e)

      any additional information that the management body considers relevant to its assessment.

2. (2)

   The notification pursuant to article 181 of the Bank Recovery and Resolution (No.2) Order 2014 and rules 8.2 and 8.3 of the Notifications Part of the PRA Rulebook shall be communicated immediately to the competent authority following the decision by the management body of a recovery and resolution entity that that entity is failing or likely to fail.

Upon receipt of the notification referred to in Article 46, the competent authority shall immediately send the following information to the resolution authority:

1. (1)

   a copy of the notification received including all the information referred to in Article 46(1);

2. (2)

   the details of crisis prevention measures or actions referred to in article 182 of the Bank Recovery and Resolution (No. 2) Order 2014 that the competent authority has taken or requires a recovery and resolution entity to take, where relevant;

3. (3)

   any additional supporting documents the competent authority deems necessary for the resolution authority to be able to take an informed decision.

1. (1)

   The notification of a competent authority or resolution authority for the purposes of article 183 of the Bank Recovery and Resolution (No.2) Order 2014 shall include:

   1. (a)

      the name of the recovery and resolution entity to which the notification relates;

   2. (b)

      the information set out in points (a) and (b) of Article 46(1);

   3. (c)

      a summary of the assessment required in sections 7(2) and 7(3) of the Banking Act 2009.

2. (2)

   The notification shall be made without delay following a determination that the conditions referred to in sections 7(2) and 7(3) of the Banking Act 2009 have been met.

3. (3)

   The competent authority shall, without delay, provide the resolution authority with any additional information that the resolution authority may request in order to complete its assessment.

1. (1)

   The notice referred to in sections 24, 25, 41, 48T and 89J of the Banking Act 2009 to be published by the resolution authority, shall include:

   1. (a)

      the name, the address of the registered office and, where available, the legal entity identifier of the recovery and resolution entity under resolution;

   2. (b)

      the name and address of the registered office of the immediate and ultimate parent undertaking of that recovery and resolution entity where relevant;

   3. (c)

      a list of the names of other group entities and related branches in respect of which resolution actions exercise their effects, including, to the extent possible, information on branches located in third countries;

   4. (d)

      a summary of the relevant resolution actions that are taken, the dates from which those resolution actions take effect and in particular their effects on retail customers and which includes the following:

      1. (i)

         information on the access to deposits according to Directive 2014/49/EU on deposit guarantee schemes held at the institution affected by the resolution action;

      2. (ii)

         information on the access to other clients' assets or funds within the objectives set out in section 4 of the Banking Act 2009 held at the institution affected by the resolution action;

      3. (iii)

         information on the contractual payment or delivery obligations subject to suspension under section 70A and 70D of the Banking Act 2009 including the commencement and expiration of the suspension period, where applicable;

      4. (iv)

         information on the secured creditors of the recovery and resolution entity under resolution subject to restrictions on the enforcement of security interest including the commencement and expiration of that restriction period in accordance with section 70B and 70D of the Banking Act 2009 where applicable where applicable;

      5. (v)

         information on the contractual parties affected by the temporary suspension of termination rights including the commencement and expiration of the suspension period under section 70C and 70D of the Banking Act 2009 where applicable;

   5. (e)

      the confirmation of the ordinary course of contractual commitments, including repayment schedules, not subject to suspensions;

   6. (f)

      the point of contact within the institution where customers and creditors can seek further information and updates on the recovery and resolution entity and its operations.

   7. For purposes of this article, termination rights should be interpreted with reference to sections 48Z and 70C of the Banking Act 2009.

2. (2)

   The notice shall be published as soon as reasonably practical after taking a resolution action.