Prudential Regulation Authority Rulebook

In order to be eligible to form part of a credit institution's liquidity buffer, the liquid assets shall comply with each of the following requirements:

1. (a) the general requirements laid down in Article 7;
2. (b) the operational requirements laid down in Article 8;
3. (c) the respective eligibility criteria for their classification as a level 1 or level 2 asset in accordance with Chapter 2 of Title II (The Liquidity Buffer).

[Note: The rule corresponds to Article 6 of Regulation (EU) No 2015/61 as it applied immediately before revocation by the Treasury]