7

Process

7.1

The submission and disclosure dates specified in the rules are the latest possible dates by which a firm must submit its report to the PRA and make its public disclosure. In practice, the expectation is that the PRA, the Bank as resolution authority, and a firm would seek to coordinate, prior to the deadline, on a suitable date for submission and disclosure.

7.2

If necessary, and after engaging with firms in scope of the Resolution Assessment Part, the PRA may consider a waiver from or modification of one or more firms’ report or disclosure date in the rules to either bring it forward or move back as appropriate for the circumstances.