Supervision release 2 February 2016 – 9/2016

Guideline specifying the conditions for group financial support to enter into force on 9 February 2016

On 20 January 2016, the Financial Supervisory Authority amended its Regulations and guidelines 2/2015 of 15 October 2015 ”Development of recovery plans and early intervention, recommendation and guidelines” by adding a new chapter 7. This chapter implements the Guidelines of the European Banking Authority (EBA) specifying the conditions for group financial support under Article 23 of Directive 2014/59/EU (EBA/GL/2015/17).

The Guidelines are applicable to institutions referred to in section 1.1 of the FIN-FSA guideline only if the group has entered into or will enter into a group financial support agreement as referred to in Article 19 of the aforementioned Directive.

The FIN-FSA guideline will enter into force on 9 February 2016.

For further information, please contact

Raimo Husu, Legal Adviser, tel- +358 10 831 5282 or raimo.husu(at)fiva.fi

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