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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
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Article 7 Recovery planning: preparatory steps and simplified obligations

(1) For each institution in relation to which Chapter 1 of Part 4 applies the appropriate regulator must determine the date by which the institution is required to draw up a recovery plan.

(2) For each relevant group in relation to which Chapter 2 of Part 4 applies the appropriate regulator must determine the date by which a group recovery plan is to be drawn up.

(3) The appropriate regulator may determine -

(a) that specified information in addition to the information set out in Schedule A1 is to be included in a recovery plan or group recovery plan; or

(b) that any information set out in that Schedule or other detail which would otherwise have to be included in a recovery plan or group recovery plan does not have to be included.

(3A) The PRA may make technical standards specifying further information to be contained in a recovery plan or a group recovery plan that is to be drawn up by an institution or group entity that is authorised by the PRA.

(3B) The FCA may make technical standa

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