PRU 9.3.10

(1) An Authorised Person in Category 1 or 5 must use the Liquidity Mismatch Approach, as set out in this Section, to measure its short-term liquidity.
(2) When using the Liquidity Mismatch Approach, an Authorised Person must determine the net cumulative maturity mismatch position for the time band from sight to eight days by:
(a) determining, in accordance with the Rules in Sections A10.2 and A10.3, the inflows (assets) and outflows (liabilities) in that time band; and
(b) subtracting outflows (liabilities) from inflows (assets) in that time band.