EBU Single Rulebook Q&A 30 November 2021 2021_6299 Inclusion of short term deposits in third country credit institutions as liquid assets

Can unencumbered short-term deposits at third country credit institutions be included in the calculation of liquid assets? Under Article 43(1) IFR investment firms are required to hold liquid assets equivalent to at least one third of the fixed overhead requirement. Subparagraph 3 sets out the list of assets deemed liquid for the purposes of this requirement.