Article 29 General rules on liquidity risk

United Kingdom

For the purposes of point (a) of Article 17(2), a CSD-banking service provider shall design and implement policies and procedures that:

(a)

measure intraday and overnight liquidity risk, in accordance with Sub-section 1;

(b)

monitor intraday and overnight liquidity risk, in accordance with Sub-section 2;

(c)

manage liquidity risk, in accordance with Sub-section 3;

(d)

report intraday and overnight liquidity risk, in accordance with Sub-section 4;

(e)

disclose the framework and tools for the monitoring, measuring, management, and the reporting on liquidity risk, in accordance with Sub-section 5.

Any changes to the overall liquidity risk framework shall be reported to the management body of the CSD-banking service provider.