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The SIFI shall notify the competent authority when it faces or expects to face a crisis.
2.
Without prejudice to the support agreements between members of a financial group, the SIFI may not be granted support from any other member of its financial group if the SIFI is likely to face a crisis, except in the following cases:
a)
The support received by the SIFI would prevent the crisis.
b)
The support does not adversely affect the status of the supporting member or the financial group as a whole.
c)
Obtaining the approval of the competent authority supervising the financial institution providing support.
d)
The support provided to the financial institution is in the form of loans or loan guarantees, or assets to be used as collateral.
e)
The decision to provide support is taken by the management of the institution providing support and the management of the SIFI receiving the support.
f)
The support is provided in accordance with an agreement approved by voting shareholders of the institution providing support.
