Part

Supervised Run-Off

Chapter

Notifications and Annual Updates

Printed on: 06/11/2024

Rulebook at: 31/12/2020

4

Notifications and Annual Updates

4.1

A firm must notify the PRA promptly of any matter which has happened or is likely to happen and which represents a significant departure from the run-off plan and either:

  1. (1) explain the nature of the departure and the reasons for it; or
  2. (2) include an amended run-off plan and explain the amendments and the reasons for them.
  • 31/12/2020

4.2

A firm must, at least annually, update the PRA in writing on progress against, or deviation from, its run-off plan submitted in accordance with 2.

  • 31/12/2020