{
  "url": "https://openlegislation.uk/capital-requirements-regulations-2013/regulation-35",
  "json_url": "https://openlegislation.uk/capital-requirements-regulations-2013/regulation-35.json",
  "legislation": "uksi/2013/3115",
  "legislation_title": "The Capital Requirements Regulations 2013",
  "legislation_url": "https://openlegislation.uk/capital-requirements-regulations-2013",
  "path": "regulation/35",
  "kind": "regulation",
  "number": "35",
  "heading": "Specific liquidity requirements",
  "text": "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—\n(a) the particular business model of the institution;\n(b) 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);\n(c) the outcome of the SREP; and\n(d) any systemic liquidity risk that threatens the integrity of the financial markets of the United Kingdom.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 35 substituted (31.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(3), 22(a) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Word in reg. 35 substituted (1.1.2022) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/1376), regs. 1(3), 16(10)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 35(b) inserted (31.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(3), 22(b) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in reg. 35(c) substituted (31.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(3), 22(c) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2013/3115/regulation/35",
    "retrieved_at": "2026-10-29T00:32:33.411483+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}