Section 102(1)

Where the PRA or FCA receives a relevant notice from a UK group entity, it must, within five business days beginning with the date on which it receives the notice, decide whether to— agree the provision of the financial support to which the notice refers; or prohibit or restrict the provision of that financial support on the ground that the conditions for financial support have not been met.

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Source: legislation.gov.uk · retrieved 2026-09-04