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Article (8): Commencement of these Regulations

C 33/2015 Effective from 1/7/2015

The Eligible Liquid Assets Ratio (ELAR) will take effect from 1 July 2015.

The Qualitative Requirements of these Regulations also take effect from 1 July 2015.

The transition phase for the Liquidity Coverage Ratio (LCR) will commence on 1 January 2016 for those banks approved to move to this ratio.

The transition phase for the Net Stable Funding Ratio (NSFR) will also commence on 1 January 2016 for those banks approved to move to this ratio. Approved banks will be required to comply with the NSFR from 1 January 2018.