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Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
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Article 225 Duty to inform EBA of imposition of penalties

Omitted from 31 December 2020

(1) Where the PRA or FCA imposes a relevant penalty, it must inform EBA of the penalty imposed, of any appeal against the penalty and of the outcome of the appeal.

(2) "Relevant penalty" means a penalty imposed in respect of a failure by any person or undertaking to comply with a requirement to -

(a) draw up, maintain or update a recovery plan or group recovery plan;

(b) provide information required for drawing up a resolution plan or group resolution plan;

(c) give notice in accordance with Article 25.1 of the recovery and resolution directive of an intention to provide financial support under a group financial support agreement authorised pursuant to Article 20 of that directive (review of proposed agreement for provision of financial support); or

(d) give notice that the undertaking is failing or likely to fail (within the meaning given in Article 32.4 of the recovery and resolution directive).

(3) This article does not require any information to be disclosed if its disclosure

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