Article 1, Point (1) · Commission Delegated Regulation (EU) 2018/1620

Contents

(1) in Article 2(3), point (a) is replaced by the following: ‘…
(2) Article 3 is amended as follows:
(3) Article 4 is amended as follows:
(4) Article 7 is amended as follows:
(5) Article 8 is amended as follows:
(6) Article 10 is amended as follows:
(7) Article 11 is amended as follows:
(8) Article 13 is amended as follows:
(9) Article 15 is amended as follows:
(10) Article 16 is replaced by the following: ‘Article 16Deposi…
(11) Article 17 is amended as follows:
(12) Article 21 is replaced by the following: ‘Article 21Nettin…
(13) Article 22 is amended as follows:
(14) in Article 23, paragraph 1 is replaced by the following: ‘…
(15) in Article 25(2), point (b) is replaced by the following:…
(16) at the end of Article 26, the following paragraph is added…
(17) Article 28 is amended as follows:
(18) in Article 29, paragraph 2 is amended as follows:
(19) Article 30 is amended as follows:
(20) Article 31 is amended as follows:
(21) the following Article 31a is inserted: ‘Article 31aOutflow…
(22) Article 32 is amended as follows:
(23) Article 34(2) is amended as follows:
(24) Annex I is amended as follows:

(1)in Article 2(3), point (a) is replaced by the following:‘(a)third country assets held by a subsidiary undertaking in a third country may be recognised as liquid assets for consolidation purposes where they qualify as liquid assets under that third country's national law setting out the liquidity coverage requirement and they satisfy one of the following conditions:

(i)the assets meet all the requirements laid down in Title II of this Regulation;

(ii)the assets fail to meet the specific requirement laid down in Title II of this Regulation with respect to their issue size but meet all the other requirements laid down therein.

The assets recognisable by virtue of point (ii) may only be recognised up to the amount of the stressed net liquidity outflows incurred in the particular currency in which they are denominated and arising from that same subsidiary undertaking;’;