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:
- (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