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PART 7 U.K.Intra-group financial support

CHAPTER 4U.K.Provision of group financial support

Requesting the assistance of EBAU.K.

105.—(1) This article applies where the PRA or FCA (“the regulator”)—

(a)is the consolidating supervisor or the competent authority for the intended recipient; and

(b)has objections to a decision by the competent authority for the notifying group entity to prohibit or restrict the provision of financial support to which a relevant notice refers.

(2) The regulator may, within two days beginning with the date on which it receives notice of that decision, ask EBA to assist the competent authorities in accordance with Article 31(c) of the EBA Regulation to resolve their disagreement about that decision.