3.

Where institutions of the single liquidity sub-group are authorised in several Member States, paragraph 1 shall only be applied after following the procedure laid down in Article 21 and only to the institutions whose competent authorities agree about the following elements: their assessment of the compliance of the organisation and of the treatment of liquidity risk with the conditions set out in Article 86 of Directive 2013/36/EU across the single liquidity sub-group; the distribution of amounts, location and ownership of the required liquid assets to be held within the single liquidity sub-group; the determination of minimum amounts of liquid assets to be held by institutions for which the application of Part Six will be waived; the need for stricter parameters than those set out in Part Six; unrestricted sharing of complete information between the competent authorities; a full understanding of the implications of such a waiver.

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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.