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RAR 2.2.1

The information which the DFSA may by written notice require an Authorised Firm to provide for the purposes of preparing, amending or reviewing a Resolution Plan, may include but is not limited to:

(a) a detailed description of the Authorised Firm’s organisational structure including a list of all legal entities in its Group (“legal entities”);
(b) identifying the direct holders and the percentage of voting and non-voting rights of each legal entity;
(c) the location, jurisdiction of incorporation, licensing and key management associated with each legal entity;
(d) a mapping of the Authorised Firm’s Critical Functions and Core Business Lines including material asset holdings and liabilities relating to such operations and business lines, by reference to legal entities;
(e) a detailed description of the components of the Authorised Firm’s and all its legal entities’ liabilities, separating, at a minimum by types and amounts of short term and long-term debt, secured, unsecured and subordinated liabilities;
(f) details of liabilities of the Authorised Firm that are Eligible Liabilities;
(g) identifying processes needed to determine to whom the Authorised Firm 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 Authorised Firm and its legal entities, including a mapping to its Critical Functions and Core Business Lines;
(i) the material hedges of the Authorised Firm including a mapping to legal entities;
(j) identification of the major or most critical counterparties of the Authorised Firm and entities in its Group as well as an analysis of the impact of the failure of major counterparties on the Authorised Firm’s financial situation;
(k) each system on which the Authorised Firm conducts a material number or value amount of trades, including a mapping to legal entities in the Group, Critical Functions and Core Business Lines;
(l) each payment, clearing or settlement system of which the Authorised Firm is directly or indirectly a member, including a mapping to the legal entities in the Group, Critical Functions 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 Authorised Firm including a mapping to legal entities in the Group, Critical Functions and Core Business Lines;
(n) identifying the owners of the systems identified in (m), service level agreements related thereto, and any software and systems or licences, including a mapping to their legal entities, Critical Functions and Core Business Lines;
(o) identifying and mapping the legal entities in the Group and the interconnections and interdependencies among the different legal entities 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
(vi) service level agreements;
(p) the Senior Manager designated under RAR Rule 2.2.2 as well as those responsible, if different, for the different legal entities, Critical Functions and Core Business Lines;
(q) a description of the arrangements that the Authorised Firm has in place to ensure that, in the event of Resolution, the DFSA will have all the necessary information, as determined by the DFSA, for exercising a Resolution Power and applying a Resolution Tool;
(r) all the agreements entered into by the Authorised Firm and their legal entities with third parties the termination of which may be triggered by a decision to exercise a Resolution Power and apply a Resolution Tool and whether the consequences of termination may affect the exercise of the Resolution Power and application of the Resolution Tool;
(s) a description of possible liquidity sources for supporting Resolution; and (t) information on asset encumbrance, liquid assets, off-balance sheet activities, hedging strategies and booking practices.

 

Derived from DFSA RMI283/2020 (Made 16th December 2020). [VER1/04-21]