Prudential Regulation Authority Rulebook

6.1

A BRRD undertaking that intends to provide financial support in accordance with a group financial support agreement must ensure that its management body notifies:

1. (1) the PRA;
2. (2) where different from the authorities in (1) and (3), where applicable, the EEA consolidating supervisor;
3. (3) where different from the authorities in (1) and (2), the competent authority of the group member receiving the financial support; and
4. (4) the EBA,

before it provides that financial support.

6.2

The notification must include the reasoned decision of the management body and details of the proposed financial support including a copy of the group financial support agreement.

[Note: Art. 25(1) of the BRRD]