Submission of Group Financial Support Agreement


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


The changes to this rule are effective from 23:00 on 31/12/2020.

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 the consolidating supervisor, the BRRD undertaking must submit to the consolidating supervisor an application for authorisation of the proposed agreement or amendment.


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]