Section 90

This article applies where— the parties to an agreement authorised under this Chapter wish to amend the agreement; and rules made by the PRA or FCA under FSMA require the amendment to be authorised before it is made. If the UK parent undertaking submits to the appropriate regulator an application for authorisation of the amendment (“the amendment application”), the appropriate regulator must treat the amendment application as if it were an application for authorisation of a group financial support agreement. Articles 84 to 89 apply for that purpose, but have effect in relation to the amendment application as if— each reference to a group financial support agreement were a reference to the amendment set out in the amendment application; and each reference to the application were a reference to the amendment application.

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