Glossary

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Term Definition Legal instruments

recovery plan

01/01/2019

means:

(1) (except in the Group Supervision Part of the PRA Rulebook), the Recovery Plans Part of the PRA Rulebook and the Operational Continuity Part of the PRA Rulebook), the recovery plan required to be provided by a firm to the PRA under Undertakings in Difficulty 3.1(2);

(2) (in the Group Supervision Part of the PRA Rulebook), the recovery plan required to be provided by a relevant insurance group undertaking to the PRA under Group Supervision 4.4(2); and

(3) (in the Recovery Plans Part of the PRA Rulebook and the Operational Continuity Part of the PRA Rulebook) a recovery plan drawn up by a firm in accordance with Recovery Plans 2.