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MIR 2.4.8

In assessing whether, pursuant to Rule 2.4.2(b), a Recognised Body has sufficient financial resources in relation to counterparty and market risks, the Regulator may have regard to the:
(a) amount and liquidity of its financial assets and the likely liquid financial resources available to the Recognised Body during periods of major market turbulence or other periods of major stress for the ADGM Financial System; and
(b) nature and scale of the Recognised Body’s exposures to counterparty and market risks and, where relevant, the counterparties to which it is exposed.