Third Country Firms

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Application and Definition


Unless otherwise stated, this Part applies only to:

  1. (1) [deleted.]
  2. (2) a third country firm.
  3. that is:
  4. (3) a bank; or
  5. (4) a designated investment firm.


In this Part the following definition shall apply:

means, in relation to a firm, the plan for the resolution of the firm prepared by the authority in the jurisdiction of the firm’s head office responsible for the firm’s resolution.


Adequacy of Resolution Plan


This chapter applies only to a third country firm that is:

  1. (1) a bank; or
  2. (2) a designated investment firm.


A firm must take all steps within its control to ensure that its resolution plan provides adequately for the resolution of the firm’s UK branch.