WebFeb 17, 2024 · In December, I set out guidance on this requirement with tips for wind-down planning in How PSPs can meet FCA requirements for a wind-down plan. 3. Special … WebApr 11, 2024 · all FCA regulated firms Background to our observations on wind-down planning We held bi-lateral discussions with a number of firms on the assessment of …
Ultimate FCA wind down plan template with examples for …
WebJul 10, 2024 · The FCA has also confirmed their expectation that payment and e-money institutions have a wind-down plan. Wind-down planning helps firms identify when they are, firstly, at risk of having to wind ... WebThe wind-down planning guidance in the FCA handbook, at 60 pages long can be daunting and difficult to firms to understand where to start. Based on our experience with the regulator and supporting clients, we’ve have put together a wind-down plan template to help firms focus on the essential elements of the plan and pass regulatory scrutiny. lydia lassiter
FCA Scolds Payment Firms over
WebMar 16, 2003 · Although the FCA Wind-Down Planning Guide, WDPG.pdf (fca.org.uk), does not directly apply as guidance to PIs and EMIs, the FCA states that firms may also refer to it, and the findings of the FCA ... WebMar 25, 2024 · 1Continuing requirements during wind-down: The wind-down plan does not create an exception for complying with threshold conditions or our rules during the wind-down period. WDPG 4.5.2 G 09/12/2016 WebWind-down planning is a process in which the firm’s governing body: (1) identifies the steps and resources it needs to wind down its business, especially in a situation where … costa \u0026 costa llp