Prudential Regulation Authority Rulebook

3.1

This Chapter applies to a BRRD undertaking which is an EEA parent undertaking, unless the FCA is the EEA consolidating supervisor of its group.

3.2

If a BRRD undertaking or any member of its group intends to enter into a group financial support agreement, or amend a group financial support agreement previously authorised by an EEA consolidating supervisor, the BRRD undertaking must submit to the EEA consolidating supervisor an application for authorisation of the proposed agreement or amendment.

3.3

The application referred to in 3.2 must contain the text of the proposed group financial support agreement and identify any other persons in the same group as the BRRD undertaking that propose to be parties to the proposed agreement.

[Note: Art. 20(1) of the BRRD]