Liquidity and funding permissions

Statement of Policy
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’