Published on
09 July 2021
This Statement of Policy (SoP) sets out the PRA’s approach to granting selected regulatory permissions that are relevant to the liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) requirements. It also sets out the PRA’s expectation that eligible firms should notify the PRA if they intend to use the simplified NSFR (sNSFR) methodology. It is relevant to all UK banks, building societies and PRA-designated investment firms, referred to collectively as ‘firms’.
Current version
Published 15 November 2021. Effective from 1 January 2022.
Following PS26/21 ‘Domestic Liquidity Sub-Groups’
Future version
Published on 5 December 2023. Effective from 1 July 2024.
- Following PS15/23 – The Strong and Simple Framework: Liquidity and Disclosure requirements for Simpler-regime Firms
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Confirmed as final in October 2021, following near-final future version published July 2021. This version never came into effect because it was superseded in November 2021 by the new one published alongside PS26/21 'Domestic Liquidity Sub-Groups'.