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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 July 2015 - onwards
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Regulation 35 Conditions for group financial support.

Financial support, pursuant to a group financial support agreement in accordance with Regulation 31, may only be provided by a group entity authorised in the State where -

(a) there is a reasonable prospect that the support would significantly redress the financial difficulties of the group entity receiving the support,

(b) the provision of financial support has the objective of preserving or restoring the financial stability of the group as a whole or any of the entities of the group,

(c) the provision of financial support is in the interests of the group entity providing the support,

(d) the financial support is provided on terms, including consideration, which comply with Regulation 31(9) to (11),

(e) there is a reasonable prospect, on the basis of the information available to the management body of the group entity providing financial support at the time when the decision to grant financial support is taken, that the consideration for the support will be paid and, if the support is

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