AI Summary of Article 460 Liquidity
The Commission is authorised to enhance the Regulation by implementing delegated acts under Article 462, detailing liquidity requirements in alignment with Article 412(1). These acts will determine the necessary in- and outflow levels for institutions to adequately address specific risks, adhering to prescribed thresholds.
Furthermore, the liquidity coverage requirement will be phased in gradually, starting at 60% in 2015 and reaching 100% by 2018. Subsequently, the Commission will update the list of products or services linked to Article 428f(2) by 28 June 2024, ensuring compliance with the conditions outlined in Article 428f(1).
Article 460 Liquidity
1. The Commission is empowered to supplement this Regulation by adopting delegated acts in accordance with Article 462 to specify in detail the general requirement set out in Article 412(1). Delegated acts adopted in accordance with this paragraph shall be based on the items to be reported in accordance with Title II of Part Six and Annex III and shall specify under which circumstances competent authorities have to impose specific in- and outflow levels on institutions in order to capture specific risks to which they are exposed and shall respect the thresholds set out in paragraph 2 of this Article.
In particular, the Commission is empowered to supplement this Regulation by adopting delegated acts specifying the detailed liquidity requirements for the purposes of the application of Article 8(3), Articles 411 to 416, 419, 422, 425, 428a, 428f, 428g, 428j to 428n, 428p, 428r, 428s, 428w, 428ae, 428ag, 428ah, 428ak and 451a.