Chapter 4 Further topics - FCA Handbook

Although it may seem less critical to include consideration of other third parties such as landlords, creditors or trade payables, firms will need a prudent approach to wind-down

MCOB 5 : Pre-application Section 5.3 : Applying for a home finance disclosure transaction 5 R 5.3.1 G 5.3.2 ■ Release 29 ● May 2023 www.handbook.fca.org.uk MCOB 5/2 5.3 Applying

make a formal decision to initi- Where the firm’s ate the firm’s own funds re- wind-down plan, quirement is de- unless the gov- termined by the erning body has fixed overheads a

A sponsor must in relation to a sponsor service: 1 referred to in■LR 8.2.1R 1to■4,■LR 8.2.1R 11,■LR 8.2.1A Rand, where relevant■LR 8.2.1R 5, provide assurance to the FCA when required