Notification of Proposed Group Financial Support


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.


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]