Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014U.K.
18.—(1) Article 1 (citation, commencement and interpretation) of the Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014(1) is amended as follows.
(2) In paragraph (4), for the definition of “liquid assets”(2) substitute—
““liquid assets” means assets which qualify towards the liquidity coverage requirement provided for in Article 412 of Chapter 4 (Liquidity (Part Six CRR)) of the Liquidity (CRR) Part of the PRA Rulebook as further specified in Chapter 2 (Rules on standards for the liquidity coverage requirement for credit institutions) of the Liquidity Coverage Ratio (CRR) Part of the PRA Rulebook;”.
(3) After paragraph (4) insert—
“(5) For the purposes of the definition of “liquid assets” in paragraph (4), “PRA Rulebook” means the rulebook published by the PRA containing rules made by that Authority under the Act as that rulebook has effect on 1 January 2022. ”.
Commencement Information
I1Reg. 18 in force at 1.1.2022, see reg. 1(3)
The definition of “liquid assets” was amended by S.I. 2019/632.