(6)Funding is a primary source of liquidity for investment firms, and limited or suspended access to funding may result in discontinuing investment firms’ services, with a potential negative impact on markets and clients. Considering the differences between funding investment firms and funding deposit-taking credit institutions, and considering that accessing funding by such investment firms may entail risks in certain circumstances, it is necessary to specify the elements that competent authorities should take into account when setting specific liquidity requirements for such investment firms.