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+Article 422 8. |
Article 422 8.Competent authorities may grant the permission to apply a lower outflow percentage to the liabilities referred to in paragraph 7 on a case-by-case basis, provided that all the following conditions are met:
(a)
the counterparty is any of the following:
(i)
a parent or subsidiary institution of the institution, or a parent or subsidiary investment firm of the institution, or another subsidiary of the same parent institution or parent investment firm;
(ii)
the counterparty is linked to the institution by a relationship within the meaning of Article 22(7) of Directive 2013/34/EU;
(iii)
an institution falling within the same institutional protection scheme meeting the requirements of Article 113(7); or
(iv)
the central institution or a member of a network compliant with point (d) of Article 400(2);
(b)
there are reasons to expect a lower outflow over the next 30 days even under a combined idiosyncratic and market-wide stress scenario;
(c)
a corresponding symmetric or more conservative inflow is applied by the counterparty by way of derogation from Article 425;
(d)
the institution and the counterparty are established in the same Member State. 1. Overview
1.1 References1.2 Identified Requirements1.3 Related Standards2. Identified Requirements
3. Related Standards
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