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Version status: Inserted | Document consolidation status: Updated to reflect all known changes
Version date: 9 July 2024 - onwards
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Article 48f Liquidity requirements

1. Without prejudice to other applicable liquidity requirements in accordance with national law, Member States shall at a minimum require third-country branches to maintain at all times a volume of unencumbered and liquid assets sufficient to cover liquidity outflows over a minimum period of 30 days.

2. For the purposes of paragraph 1 of this Article, Member States shall require class 1 third-country branches to comply with the liquidity coverage requirement laid down in Part Six, Title I, of Regulation (EU) No 575/2013 and in Commission Delegated Regulation (EU) 2015/61 [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 (OJ L 11, 17.1.2015, p. 1).].

3. Member States shall require third-country branches to deposit the liquid assets held to comply with this Article in an account held in the Member State where the branch

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