Recovery and Resolution Directive – Final Rules Published

On 1 August 2014 the FCA published a Consultation Paper (CP)1 proposing changes to its Handbook that are required to transpose the Recovery and Resolution Directive (RRD)2 into the UK regulatory regime for FCA solo-regulated investment firms (IFPRU 730k firms), as well as certain group entities, that fall within the scope of the RRD. 1.2 In this Policy Statement (PS) the FCA summarise the feedback they received on the CP and give their responses. The FCA also set out the final rules. The rules came into force on 19 January 2015, with the exception of the rules on the contractual recognition of bail-in which will come into force on 1 January 2016.

The full directive policy document can be accessed here