The Bank Recovery and Resolution (No. 2) Order 2014

Article 8(3)(a)

[F1SCHEDULE 2AU.K.Additional information which may be required for the purposes of a resolution plan or group resolution plan

This schedule has no associated Explanatory Memorandum

1.  In this Schedule, “entity” means in relation to the drawing up of—U.K.

(a)a resolution plan for an institution, the institution;

(b)a group resolution plan for a relevant group, the group entities.

2.  The additional information referred to in article 8(3)(a) is as follows—U.K.

(a)a detailed description of the entity's organisational structure including a list of all legal persons contained in this structure;

(b)identification of the direct holders and the percentage of voting and non-voting rights of each legal person;

(c)the location, jurisdiction of incorporation, licensing and senior management of each legal person;

(d)a mapping of the entity's critical operations and core business lines including material asset holdings and liabilities relating to such operations and business lines, by reference to legal persons;

(e)a detailed description of the components of the entity's liabilities, separating, as a minimum by types and amounts of short-term and long-term debt, secured, unsecured and subordinated liabilities;

(f)details of those liabilities of the entity that are eligible liabilities;

(g)an identification of the processes needed to determine to whom the entity has pledged collateral, the person that holds the collateral and the jurisdiction in which the collateral is located;

(h)a description of the off-balance sheet exposures of the entity, including a mapping to its critical operations and core business lines;

(i)the material hedges of the entity including a mapping to legal persons;

(j)identification of the major or most critical counterparties of the entity as well as an analysis of the impact of the failure of major counterparties in the entity's financial situation;

(k)each system on which the entity conducts a material number or value amount of trades, including a mapping to the entity's legal persons, critical operations and core business lines;

(l)each payment, clearing or settlement system of which the entity is directly or indirectly a member, including a mapping to the entity's legal persons, critical operations and core business lines;

(m)a detailed inventory and description of the key management information systems, including those for risk management, accounting and financial and regulatory reporting used by the entity, including a mapping to the entity's legal persons, critical operations and core business lines;

(n)an identification of the owners of the systems identified in paragraph (m), related service level agreements and any software and systems or licences, including a mapping to their legal entities, critical operations and core business lines;

(o)an identification and mapping of the legal persons and interconnections and interdependencies among the different legal persons such as—

(i)common or shared personnel, facilities and systems;

(ii)capital, funding or liquidity arrangements;

(iii)existing or contingent credit exposures;

(iv)cross guarantee agreements, cross-collateral arrangements, cross-default provisions and cross-affiliate netting arrangements;

(v)risks transfers and back-to-back trading arrangements and service level agreements;

(p)the competent authority for each legal person;

(q)the member of the management body responsible for providing the information necessary to prepare the plan as well as those responsible, if different, for the different legal persons, critical operations and core business lines;

(r)a description of the arrangements that the entity has in place to ensure that, in the event of resolution, the Bank will have all the necessary information, as determined by the Bank, for applying the resolution tools and resolution powers;

(s)all the agreements entered into by the entity with third parties the termination of which may be triggered by a decision of the authorities to apply a resolution tool and whether the consequences of termination may affect the application of the resolution tool;

(t)a description of possible liquidity sources for supporting resolution; and

(u)information on asset encumbrance, liquid assets, off-balance sheet activities, hedging strategies and booking practices.]