5
Decision to Provide or Accept Group Financial Support
5.1
A BRRD undertaking that intends to provide financial support in accordance with a group financial support agreement must ensure that the decision to provide financial support is taken by its management body.
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5.2
The decision must be reasoned and indicate the objective of the proposed financial support; in particular, the decision must indicate how the provision of the financial support complies with the conditions in 4.1.
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5.3
A firm that intends to accept financial support in accordance with a group financial support agreement must ensure that the decision to accept financial support is taken by its management body.
[Note: Art. 24 of the BRRD]
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