PRU 9.3.7

(1) An Authorised Person must, except as provided under Rule 9.3.8, maintain a buffer of HQLA over the minimum level of LCR required under its LCR Requirement, appropriate to the nature, scale and complexity of its operations and in line with its Liquidity Risk tolerance.
(2) The Regulator may require an Authorised Person to maintain an additional buffer of liquid assets in cases where the Regulator assesses that the Authorised Person has failed to carry out stress tests effectively.