Section 35

For the purposes of determining the appropriate level of liquidity requirements on the basis of a SREP, the PRA must assess whether the imposition of a specific liquidity requirement is necessary to capture liquidity risks to which an institution is or might be exposed, taking into account the following— the particular business model of the institution; the institution's arrangements, processes and mechanisms (as referred to in Directive 2013/36/EU UK law which implemented Section 2 of Chapter 2 of Title 7 to the capital requirements directive, in particular in Article 86); the outcome of the SREP; and any systemic liquidity risk that threatens the integrity of the financial markets of the United Kingdom.

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