+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:

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(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;

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(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

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards