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1 SPEC.TN4351 ACS Rabbit INDEX Section II Section III Scheduled Schedule III A Schedule IV A Scheduled A Schedule VI A Schedule VI B Schedule VII A Schedule VIII Schedule IX Schedule X Instructions
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What is 1 spec?
1 spec stands for Single Point of Entry Resolution plan, which is a document outlining how a financial institution can be resolved in an orderly manner in case of financial distress.
Who is required to file 1 spec?
Financial institutions designated as systemically important by regulatory authorities are required to file 1 spec.
How to fill out 1 spec?
1 spec should be filled out according to regulatory guidelines and templates provided by the authorities.
What is the purpose of 1 spec?
The purpose of 1 spec is to ensure that financial institutions have a plan in place to be resolved in an orderly manner without causing disruption to the financial system.
What information must be reported on 1 spec?
1 spec must include information about the structure and operations of the financial institution, as well as details on how it can be resolved in case of financial distress.
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