11
Liquidity Coverage Ratio (CRR) Article 34: Permission to apply higher inflow rate to certain inflows within a group
11.1
The PRA may grant permission under this Article when the following conditions are met:
- (i) there are reasons to expect a higher inflow even under a combined market and idiosyncratic stress of the provider; and
- (ii) the applicant firm and the counterparty either:
- (a) are both defined as ‘ring-fenced bodies’ or the subsidiaries or parents of ring-fenced bodies under FSMA, s142A; or
- (b) are both not defined as ‘ring-fenced bodies’ or the subsidiaries of ring-fenced bodies under FSMA.
- 01/01/2022