1. Where an institution fails to meet its combined buffer requirement or, where applicable, its leverage ratio buffer requirement, it shall prepare a capital conservation plan and submit it to the competent authority no later than five working days after it identified that it was failing to meet that requirement, unless the competent authority authorises a longer delay up to 10 days.
Competent authorities shall grant such authorisations only on the basis of the individual situation of a institution and taking into account the scale and complexity of the institution's activities.
2. The capital conservation plan shall include the following:
(a) estimates of income and expenditure and a forecast balance sheet;
(b) measures to increase the capital ratios of the institution;
(c) a plan and timeframe for the increase of own funds with the objective of meeting fully the combined buffer requirement or, where applicable, the leverage ratio buffer requirement;
(d) any other information that
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