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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 21 September 2021 - onwards

Regulation 45 Cooperation requirements

(1) The Bank shall, where it is a group supervisor or a member of a college of supervisors in accordance with Regulation 44(3), provide the other members of the college of supervisors with all relevant information as required, including the following:

(a) identification of the investment firm group’s legal and governance structure, including its organisational structure, covering all regulated and non-regulated entities, non-regulated subsidiaries and the parent undertakings, and of the competent authorities of the regulated entities in the investment firm group;

(b) procedures for the collection of information from the investment firms in an investment firm group, and the procedures for the verification of that information;

(c) any adverse developments in investment firms or in other entities of an investment firm group, which could seriously affect those investment firms;

(d) any significant sanctions and exceptional measures taken by the Bank in accordance with these Regulations;

(e) the imposition of a specific own funds requirement under Regulation 35.

(2) The Bank may refer to the EBA, in accordance with Article 19(1) of Regulation (EU) No 1093/2010, where -