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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

DLG by modification (firm level)

    57(in relation to any reporting period under SUP 16 (Reporting requirements) and a UK ILAS BIPRU firm that has an intra-group liquidity modification during any part of that period (a group liquidity reporting firm)) the firm and each person on whose liquidity support the firm can rely, under that intra-group liquidity modification, for any part of that period for the purpose of the overall liquidity adequacy rule (as the overall liquidity adequacy rule applies to the firm on a solo basis). A firm has a 'DLG by modification (firm level)' for a period even if it only has one during part of that period.

    (Guidance about this definition, and its inter-relation with other related definitions, is set out in SUP 16 Annex 26 (Guidance on designated liquidity groups in SUP 16.12).)