Regulation 179 Article 416 (reporting on liquid assets)

(1)

Article 416 (reporting on liquid assets) is amended as follows.

(2)

In paragraph 1—

(a)

in point (c)(i)—

(i)

for “a Member State” substitute “the United Kingdom”;

(ii)

for “that Member State” substitute “the United Kingdom”;

(b)

in point (c)(iii), omit “, the Commission”;

(c)

omit the second sub-paragraph.

(3)

In paragraph 2—

(a)

in point (a)(i), for “as established by” to the end substitute “as set out in Commission Delegated Regulation (EU) 2015/61”^f1;

(b)

in point (a)(ii), for “bonds as referred to in Article 52(4) of Directive 2009/65/EC” substitute “CRR covered bonds”;

(c)

in point (a)(iii), for “a Member State central or regional government” substitute “the central or a regional government of the United Kingdom”;

(d)

in point (c)(v), for “activities listed in Annex I to Directive 2013/36/EU” substitute “Annex 1 activities”.

(4)

In paragraph 3, in point (d), for “a central bank in a Member State” substitute “the Bank”.

(5)

Omit paragraph 4.

Annotations

f1: Commission Delegated Regulation (EU) 2015/61 of 10 October 2014 to supplement Regulation (EU) No 575/2013 of the European Parliament and the Council with regard to liquidity coverage requirement for Credit Institutions.