Guidance

SoP – Liquidity and funding permissions

Chapter

Liquidity Coverage Ratio (CRR) Article 29: Permission to apply lower LCR outflow rate to certain outflows within a group

Printed on: 08/09/2024

Rulebook at: 01/01/2022

9

Liquidity Coverage Ratio (CRR) Article 29: Permission to apply lower LCR outflow rate to certain outflows within a group

9.1

The PRA may grant permission under this Article where the following conditions are met: (i) there are reasons to expect a lower outflow even under a combined market and idiosyncratic stress of the provider; and (ii) the applicant firm and the counterparty either:

  1. (a) are both defined as ‘ring-fenced bodies’ or the subsidiaries or parents of ring-fenced bodies under FSMA, s142A; or
  2. (b) are both not defined as ‘ring-fenced bodies’ or the subsidiaries of ring-fenced bodies under FSMA.
  • 01/01/2022