407. When the investment firm’s own funds drop, or are likely to drop, below the level determined …

When the investment firm’s own funds drop, or are likely to drop, below the level determined by P2G, the competent authority should expect the investment firm to notify it and prepare a revised capital plan. Competent authorities should ascertain that in its notification, the investment firm explains what adverse consequences are likely to force it to do so and what actions are envisaged for the eventual restoration of compliance with P2G as part of an enhanced supervisory dialogue.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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