Article 3 Assessment of Justified Needs
An institution shall be deemed to have justified needs for liquid assets for the purposes of Article 419(3) of CRR only where the following conditions are met:
- (a) it has reduced, by sound liquidity management, the need for liquid assets in the full range of business conducted by the institution;
- (b) its holdings of liquid assets are consistent with the availability of those assets in the relevant currency.
[Note: This rule corresponds to Article 3 of Regulation (EU) No 2016/709 as it applied immediately before revocation by the Treasury]
- 01/01/2022