Commission Delegated Regulation (EU) 2015/61Show full title

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 29U.K.Outflows within a group F1...

1.By way of derogation from Article 31 competent authorities may authorise the application of a lower outflow rate on a case by case basis for undrawn credit or liquidity facilities when all of the following conditions are fulfilled:

(a)there are reasons to expect a lower outflow even under a combined market and idiosyncratic stress of the provider;

(b)the counterparty is the parent or subsidiary institution of the credit institution or another subsidiary of the same parent institution or linked to the institution by a [F2common management relationship] F3...;

(c)the lower outflow rate does not fall below the inflow rate applied by the counterparty;

(d)the credit institution and the counterparty are established in the [F4United Kingdom].

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