Prudential Regulation Authority Rulebook

7.1

This Chapter applies to every firm that is a UK bank or building society but is not:

1. (1) itself, or part of a group that is, a G-SII, a non-UK G-SII or an O-SII; or
2. (2) a firm to which the Operational Continuity Part applies.

7.2

A firm must prepare for solvent exit so that, if the need arises, it can effect a solvent exit in an orderly manner.

7.3

A firm must produce a solvent exit analysis and update it whenever a material change has taken place that may affect its preparations for a solvent exit, and at least once every three years.

7.4

A firm must be able to provide to the PRA on request the current version of its solvent exit analysis.