6

Capital Plan

6.1

When a firm is required to make a notification to the PRA under rule 5.1(2), it must prepare a capital plan and submit it to the PRA no later than 5 business days after the firm identified that the notification was necessary.

6.2

The capital plan must include the following:

  1. (1) measures to secure that the amount of the firm’s common equity tier 1 capital is equal to or greater than the firm’s countercyclical leverage ratio buffer; and
  2. (2) a plan and timeframe for the measures outlined for the purposes of rule 6.2(1).