Article 26U.K.Outflows with inter-dependent inflows
Subject to prior approval of the competent authority, credit institutions may calculate the liquidity outflow net of an interdependent inflow which meets all the following conditions:
the interdependent inflow is directly linked to the outflow and is not considered in the calculation of liquidity inflows in Chapter 3;
the interdependent inflow is required pursuant to a legal, regulatory or contractual commitment;
the interdependent inflow meets one of the following conditions:
it arises compulsorily before the outflow;
it is received within 10 days and is guaranteed by the central government of [F1the United Kingdom].
[F2Competent authorities shall inform the EBA which institutions benefit from the netting of outflows with interdependent inflows under this article. The EBA may request supporting documentation.]
Textual Amendments
F1Words in Art. 26(c)(ii) substituted (31.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(3), 240 (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
F2Inserted by Commission Delegated Regulation (EU) 2018/1620 of 13 July 2018 amending Delegated Regulation (EU) 2015/61 to supplement Regulation (EU) No 575/2013 of the European Parliament and the Council with regard to liquidity coverage requirement for credit institutions (Text with EEA relevance).