Part

Group Financial Support

Chapter

Notification of Proposed Group Financial Support

Printed on: 06/11/2024

Rulebook at: 31/12/2020

6

Notification of Proposed Group Financial Support

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) the FCA where it is the consolidating supervisor.
  3. (3) [deleted.]
  4. (4) [deleted.]

before it provides that financial support.

  • 31/12/2020

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]

  • 19/01/2015