PRU 9.2.7

(1) An Authorised Person must ensure that its Governing Body sets appropriate liquidity limits covering Liquidity Risk management in both day-to-day and stressed conditions.
(2) An Authorised Person must periodically review and, where appropriate, adjust the limits referred to in (1) when its Liquidity Risk policy changes.
(3) An Authorised Person must promptly resolve any policy or limit exceptions according to the processes described in its Liquidity Risk policy.