Application provision

1.1 Unless otherwise stated, this Part applies to a BRRD undertaking which is a CRR firm, a financial holding company, a mixed financial holding company or a mixed activity holding company



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) where different from the authorities in (1) and (3), where applicable, the EEA consolidating supervisor;
  3. (3) where different from the authorities in (1) and (2), the competent authority of the group member receiving the financial support; and
  4. (4) the EBA,

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.

Additional Notes

[Note: Art. 25(1) of the BRRD]