(a) Reduced resolution
plan content. Each reduced resolution plan of a covered company
shall include:
(1) 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
(2) A description of changes to the
strategic analysis that was presented in 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 (a)(1) of this
section.
(b) Deemed incorporation by reference. If a covered company does
not include in its reduced 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 reduced resolution plan.
