WebRestructuring Advisory Partner, David Hudson reflects on the 2024 Spring Budget. WebMay 27, 2024 · Wind-down planning means setting out, at an entity-level, a credible and reliable wind-down plan, including timelines for when and how to execute these plans. The FCA Handbook includes detailed guidance under Regulatory guides – Wind-down Planning Guidance , which sets out its expectations of firms to document the process they intend …
Why should wind-down planning be high on the agenda - PKF …
WebJun 20, 2024 · It is our view that the framework provides an excellent basis for establishing a well-developed wind down plan. As the FCA’s view on the suitability of wind down plans has hardened following failures of both P2P and e-money firms, we expect that the general requirements in SYSC will be judged against the ‘good practice’ the FCA has set out. WebThe wind-down planning guidance in the FCA handbook, at 60 pages long can be daunting and difficult to firms to understand where to start. Based on our experience with the … cng diesel trucks for sale
WDPG 3.5 Making a decision to wind-down - FCA Handbook
WebApr 4, 2024 · Wind-down planning forms an important part of a firm’s ICARA process as it is a key element of assessing the overall financial adequacy requirement. Firms need to model and assess their wind down plans and hold enough capital and liquid asset resources so they do not cause harm in wind down. WebSep 9, 2024 · The Financial Conduct Authority (FCA) issued new guidance on 9 July 2024 that requires all payment service providers (PSPs), including both authorised payment … WebJul 8, 2024 · The FCA state in their FCA Wind-down Planning Guidebook that the aim of an effective wind-down plan is, “to enable a firm to cease its regulated activities and … cake in the rain