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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2016 - onwards
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Regulation 249 Rights and duties of group supervisor and other supervisors

(1) The Bank, where it is the group supervisor, shall have the following duties with regard to group supervision:

(a) co-ordination of the gathering and dissemination of relevant or essential information for going concern and emergency situations, including the dissemination of information which is of importance for the supervisory task of a supervisory authority;

(b) supervisory review and assessment of the financial situation of the group;

(c) assessment of compliance of the group with the rules on solvency and of risk concentration and intra-group transactions as set out in Regulations 221 to 246;

(d) assessment of the system of governance of the group, as set out in Regulation 247, and of whether the members of the board of directors of the participating undertaking fulfil the requirements set out in any standard of fitness and probity in a code issued by the Bank under section 50 of the Act of 2010 or Regulation 261, as applicable;

(e) planning and co-ordination, through regular m

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