(1) This Chapter applies where, in relation to a relevant group -
(a) the PRA or FCA is the consolidating supervisor; and
(b) the PRA or FCA (or each of them) receives from the UK parent undertaking an application for authorisation of a group financial support agreement ("the application").
(2) In this Chapter -
"conditions for financial support" (a) there is a reasonable prospect that the financial support provided significantly redresses the financial difficulties of the group entity receiving the financial 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 and is in the interests of the group entity providing the financial support; (c) the financial support is provided on terms, including consideration, in accordance with Article 19.7 of the recovery and resolution directive; (d) there is a reasonable prospect, on the basis of the information availab
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