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Status:
Point in time view as at 29/12/2020.
Changes to legislation:
The Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014, Section 34I is up to date with all changes known to be in force on or before 26 October 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
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[Publication: systemic risk bufferU.K.
This section has no associated Explanatory Memorandum
34I.—(1) Where the PRA requires a relevant entity to maintain a systemic risk buffer under regulation 34C, it must publish the following information on its website—
(a)the systemic risk buffer rate;
(b)the relevant entities to which the systemic risk buffer applies;
(c)the exposures to which the systemic risk buffer rate applies;
(d)the justification for setting or resetting the systemic risk buffer rate;
(e)the date from which the relevant entities are to apply the setting or the resetting of the systemic risk buffer rate; and
(f)the names of the countries where exposures located in those countries are recognised in the systemic risk buffer.
(2) The PRA must not publish information under paragraph (1)(d) if publication might jeopardise the stability of the financial system.
(3) Where the PRA revokes a requirement that a relevant entity maintain a systemic risk buffer rate under regulation 34C, it must publish—
(a)the fact that the requirement has been revoked;
(b)the justification for its decision to revoke the requirement; and
(c)the date from which the relevant entity may cease to apply the systemic risk buffer rate.]
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