PIB 9.3.8

During a period of financial or liquidity stress, an Authorised Firm may liquidate part of its stock of HQLA and use the cash generated to cover cash outflows. Its level of HQLA may fall below the levels required under its LCR Requirement and PIB Rule 9.3.7 to the extent necessary to deal with cash outflows during that period.

[Added] DFSA RM148/2014 (Made 1st January 2015). [VER23/01-15]