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Status: You are viewing the version of the handbook as on 2011-04-29.

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).)