Current through September 30, 2024
Section 243.6 - Informational content of a targeted resolution plan(a)In general. A targeted resolution plan is a subset of a full resolution plan and shall include core elements of a full resolution plan and information concerning key areas of focus as set forth in this section.(b)Targeted resolution plan content. Each targeted resolution plan of a covered company shall include:(2) Such targeted information as the Board and Corporation may jointly identify pursuant to paragraph (c) of this section;(3) A description of each material change experienced by the covered company since the filing of the covered company's previously submitted resolution plan (or affirmation that no such material change has occurred); and(4) A description of changes to the covered company's previously submitted resolution plan resulting from any;(i) Change in law or regulation;(ii) Guidance or feedback from the Board and the Corporation; or(iii) Material change described pursuant to paragraph (b)(3) of this section.(c)Targeted information requests. No less than 12 months before the date by which a covered company is required to submit a targeted resolution plan, the Board and Corporation may jointly identify in writing resolution-related key areas of focus, questions, and issues that must also be addressed in the covered company's targeted resolution plan.(d)Deemed incorporation by reference. If a covered company does not include in its targeted resolution plan a description of changes to any information set forth in section 165(d)(1)(A), (B), or (C) of the Dodd-Frank Act (12 U.S.C. 5365(d)(1)(A), (B), or (C) ) since its previously submitted resolution plan, such information from its previously submitted resolution plan are incorporated by reference into its targeted resolution plan.