Article 31 Timing of the Application to be Submitted by the Institution for the Purposes of Article 77(1) of the CRR
1.
For a prior permission, other than a general prior permission referred to in the second subparagraph of Article 78(1) of the CRR, the institution shall transmit a complete application and the information referred to in Article 30 to the PRA at least three months before the date when one of the actions listed in Article 77(1) of the CRR will be announced to the holders of the instruments.
- 01/01/2023
2.
For a general prior permission referred to in the second subparagraph of Article 78(1) of the CRR, the institution shall transmit a complete application and the information referred to in Articles 30 and 30a to the PRA at least three months before the date when any of the actions listed in Article 77(1) of the CRR will be carried out.
- 01/01/2023
3.
Similarly, where a renewal of a general prior permission pursuant to the second subparagraph of Article 78(1) of the CRR and Article 30b is sought, the institution shall transmit the application and the information required under Articles 30, 30a and 30b to the PRA at least three months before the expiration of the period for which the general prior permission was granted.
- 01/01/2023
4.
Where there are exceptional circumstances which may make it impracticable to transmit the application referred to in paragraphs 1 to 3 within a time frame set out in those paragraphs, the institution must submit the application as soon as is practicable.
- 01/01/2023