Competent Authority and Project Birch: Difference between pages

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imported>Doug Williamson
(Create page. Source: FCA webpage https://www.handbook.fca.org.uk/handbook/glossary/G196.html)
 
imported>Doug Williamson
(Mend link.)
 
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1.
''Business continuity - pandemic - UK.''


''European Economic Area (EEA) and Financial Conduct Authority.''
Project Birch is a UK government plan announced in May 2020 to bail out strategically important UK companies facing financial difficulty due to COVID-19.  


A body empowered by law or regulation to supervise regulated firms.
The UK government has:


:'indicated that it is prepared to assist large companies "in exceptional circumstances" and as a "last resort" where an otherwise viable company has "exhausted all options" and its failure would "disproportionately harm the UK economy".'
:''DWF Law, Legal Insights, 29 May 2020''


2.


More generally, any duly empowered body exercising proper authority in a market or other area of jurisdiction.
==See also==
*[[Bailout]]
*[[Bounce Back Loan Scheme]]
*[[Business continuity plan]]
*[[Coronavirus Business Interruption Loan Scheme]]
*[[Coronavirus Job Retention Scheme]]
*[[Coronavirus Large Business Interruption Loan Scheme]]
* [[Coronavirus crisis]]
*[[COVID-19]]
*[[COVID-19 Corporate Financing Facility]]
*[[Liquidity management]]
*[[State aid]]




== See also ==
==Resources for COVID-19==
* [[Bank supervision]]
[https://www.treasurers.org/hub/technical/covid19 ACT technical - COVID-19]
* [[CFTC]]
 
* [[Central counterparty]]
[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]
* [[EMIR]]
 
* [[European Economic Area]]
[https://www.gov.uk/coronavirus UK government: COVID-19 support hub]
* [[Financial Conduct Authority]]
 
* [[Financial Services Authority]]
[[Category:Accounting,_tax_and_regulation]]
* [[MLRO]]
[[Category:The_business_context]]
* [[National Crime Agency]]
[[Category:Identify_and_assess_risks]]
* [[Non-current assets]]
[[Category:Manage_risks]]
* [[Prudential Regulation Authority]]

Revision as of 09:26, 6 June 2020

Business continuity - pandemic - UK.

Project Birch is a UK government plan announced in May 2020 to bail out strategically important UK companies facing financial difficulty due to COVID-19.

The UK government has:

'indicated that it is prepared to assist large companies "in exceptional circumstances" and as a "last resort" where an otherwise viable company has "exhausted all options" and its failure would "disproportionately harm the UK economy".'
DWF Law, Legal Insights, 29 May 2020


See also


Resources for COVID-19

ACT technical - COVID-19

UK government: support for businesses

UK government: COVID-19 support hub

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