Prudential Regulation Authority Rulebook

3.1

A firm’s run-off plan must:

1. (1) describe the firm’s run-off strategy;
2. (2) include a description of the business of the firm;
3. (3) include an explanation of how, or to what extent, the firm will have ceased accepting deposits by the end date; and
4. (4) cover the run-off period until all deposits, including any interest or premium payable, will be paid, repaid or returned to depositors or otherwise transferred.