Part

Third Country Firms

Printed on: 29/04/2024

Rulebook at: 31/12/2020

Related links

PS17/19 - Supervising international banks: Revision of the Branch Return https://www.bankofengland.co.uk/prudential-regulation/publication/2019/supervising-international-banks-revision-of-the-branch-return
PS8/14 - Supervising international banks: the PRA's approach to branch supervision https://www.bankofengland.co.uk/prudential-regulation/publication/2014/supervising-international-banks-the-pra-approach-to-branch-supervision
PS30/20 - The Bank of England’s amendments under the European Union (Withdrawal) Act 2018: Changes before the end of the transition period https://www.bankofengland.co.uk/prudential-regulation/publication/2020/uk-withdrawal-from-the-eu-changes-before-the-end-of-the-transition-period
Financial Services and Markets Act (PRA-regulated Activities) Order 2013 (S.I. 2013/556) http://www.legislation.gov.uk/ukdsi/2013/9780111533642/contents
SS2/19 - PRA approach to interpreting reporting and disclosure requirements and regulatory transactions forms after EU withdrawal https://www.bankofengland.co.uk/prudential-regulation/publication/2019/pra-approach-to-interpreting-reporting-and-disclosure-reqs-and-reg-trans-forms-ss

Chapters

  • 1 Application and Definition
  • 2 Adequacy of Resolution Plan
  • 3 Branch Return
  • 4 Form

1

Application and Definition

1.1

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.
  • 31/12/2020

1.2

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.
  • 05/09/2014

2

Adequacy of Resolution Plan

2.1

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

  1. (1) a bank; or
  2. (2) a designated investment firm.
  • 05/09/2014

2.2

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.
  • 05/09/2014

3

Branch Return

3.1

[Deleted.]

  • 01/01/2020

4

Form

4.1

[Deleted.]

  • 01/01/2020