Commission Delegated Regulation (EU) 2015/61Dangos y teitl llawn

Commission Delegated Regulation (EU) 2015/61 of 10 October 2014 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)

Article 38U.K.Transitional provision for the introduction of the liquidity coverage ratio

1.In accordance with Article 460(2) of Regulation (EU) No 575/2013, the liquidity coverage ratio laid down in Article 4 shall be introduced as follows:

(a)60 % of the liquidity coverage requirement as from 1 October 2015;

(b)70 % as from1 January 2016;

(c)80 % as from 1 January 2017;

(d)100 % as from 1 January 2018.

2.In accordance with Article 412(5) of Regulation (EU) No 575/2013, Member States or competent authorities may require domestically authorised credit institutions or a subset of such credit institutions to maintain a higher liquidity coverage requirement up to 100 % until the binding minimum standard is fully introduced at a rate of 100 % in accordance with this Regulation.