Exchange of informationU.K.
This section has no associated Explanatory Memorandum
25.—(1) This regulation applies where—
(a)an institution has been authorised in the United Kingdom and its parent undertaking is situated in another EEA State; or
(b)a parent undertaking is situated in the United Kingdom, whose subsidiaries include institutions which have been authorised in another EEA State.
(2) The appropriate regulator must disclose to a relevant competent authority and, where appropriate, the EEA consolidating supervisor, all relevant information which may allow or aid the exercise of supervision on a consolidated basis.