Section 21(6)

For the purposes of this regulation— assets are both “secure” and “low risk” if they are— asset items falling into one of the categories set out in Article 336(1) of the capital requirements regulation, for which the specific risk capital charge is no higher than 1.6% but excluding other qualifying items as defined in Article 336(4); or units in an undertaking for collective investment in transferable securities which invests solely in the assets mentioned in paragraph (i); and assets are “liquid” if they are approved as such by the Authority.

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Source: legislation.gov.uk · retrieved 2026-09-04