Prudential Regulation Authority Rulebook

4.1

1. (1) Every firm must review its recovery plan at least once a year.
2. (2) Every firm must keep its recovery plan and its resolution pack up to date, which includes ensuring that each is updated to reflect any material developments in the firm’s business and in the business of any member of the group.

4.2

A firm must notify the PRA of any material changes made to its recovery plan and resolution pack promptly and, in any event, within one month of making any such change.