GEN 3.3.16

(1) An Authorised Person must produce a business plan which enables it, amongst other things, to manage the risks to which it and its Customers are exposed.
(2) The business plan must take into account the Authorised Person's current business activities and the business activities forecast for the next twelve months and, additionally, inform the IRAP and the ICAAP where the Authorised Person is required to undertake them under Chapter 10 of PRU.
(3) The business plan must be documented and updated as appropriate to take account of changes in the business environment and to reflect changes in and the complexities of the business of the Authorised Person.
Amended on (3 February, 2020).