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The Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014

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The Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014 is up to date with all changes known to be in force on or before 21 November 2024. There are changes that may be brought into force at a future date. Help about Changes to Legislation

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  • Pt. 5A substituted by S.I. 2018/1401 reg. 60 (This amendment not applied to legislation.gov.uk. Words in reg. 60 substituted (27.11.2020) by S.I. 2020/1046, regs. 1(2), 19)
  • Regulations revoked by 2023 c. 29 Sch. 1 Pt. 2
  • reg. 23(3)(e) words omitted by S.I. 2018/1401 reg. 51(b) (This amendment not applied to legislation.gov.uk. Reg. 51(b) substituted (27.11.2020) by S.I. 2020/1046, regs. 1(2), 16(2)(c))
  • reg. 26(5) words omitted by S.I. 2018/1401 reg. 53(b) (This amendment not applied to legislation.gov.uk. Reg. 53(b) substituted (27.11.2020) by S.I. 2020/1046, regs. 1(2), 16(4))
  • reg. 31(2)(b) words omitted by S.I. 2018/1401 reg. 57 (This amendment not applied to legislation.gov.uk. Words in reg. 57 substituted (27.11.2020) by S.I. 2020/1046, regs. 1(2), 17(2))
  • reg. 32(3) words omitted by S.I. 2018/1401 reg. 58(c) (This amendment not applied to legislation.gov.uk. Reg. 58(c) substituted (27.11.2020) by S.I. 2020/1046, regs. 1(2), 17(3))
  • reg. 34 substituted by S.I. 2018/1401 reg. 59 (This amendment not applied to legislation.gov.uk. Words in reg. 59 substituted (27.11.2020) by S.I. 2020/1046, regs. 1(2), 18)

  1. Introductory Text

  2. PART 1 Introductory provisions

    1. 1.Citation, commencement and cessation

    2. 2.Interpretation

    3. 3.Conferral of functions or discretion on the FPC

    4. 4.Appeals: application of Part 9 of the Financial Services and Markets Act 2000

  3. PART 2 Capital conservation buffer

    1. 5.Transitional provisions: 1st January 2016 to 31st December 2018

    2. 6.Exemption for small and medium-sized investment firms

  4. PART 3 Countercyclical Capital Buffer

    1. CHAPTER 1 Overview and interpretation

      1. 7.Overview

      2. 8.Meaning of “UK institution”

    2. CHAPTER 2 Exposures located in the United Kingdom

      1. 9.The buffer guide

      2. 10.Countercyclical buffer rate

      3. 11.Date from which changes to the buffer rate apply

      4. 12.Announcement of changes to the buffer rate

      5. 12A.Buffer rate rules

    3. CHAPTER 3 Exposures located outside the United Kingdom

      1. 13.Buffer rates for EEA exposures: before 1st January 2016

      2. 14.Buffer rates for EEA exposures: savings provision

      3. 15.Buffer rates for exposures outside the UK

      4. 16.Buffer rates: integer multiples of 0.25%

      5. 17.Date of application of buffer rates

      6. 18.Announcement of changes to buffer rates

    4. CHAPTER 4 Institution-specific countercyclical capital buffers

      1. 19.Calculation of buffer before 1st January 2016

      2. 19A. Application of the institution-specific countercyclical capital buffer to holding companies

      3. 20.Exemption for small and medium-sized investment firms

  5. PART 4 G-SII Buffer

    1. 21.Duty of PRA to identify G-SIIs

    2. 22.G-SIIs: location and nature

    3. 23.Identification methodology

    4. 24.Sub-catgories of G-SII and corresponding buffer rates

    5. 25.Re-allocation in exercise of sound supervisory judgement

    6. 26.Notification, publication and review

    7. 27.Appeals

    8. 28.Transitional provision: 1st January 2016 to 31st December 2019

  6. PART 5 O-SIIs

    1. 29.Duty of PRA to identify O-SIIs

    2. 30.O-SIIs: location and nature

    3. 31.Identification of O-SIIs

    4. 32.Publication and review

    5. 33.Appeals

  7. PART 5ZA O-SII Buffers

    1. CHAPTER 1 Interpretation and power to impose O-SII buffer

      1. 34.Interpretation

      2. 34ZA.Power for the PRA to require an O-SII buffer to be maintained

    2. CHAPTER 2 United Kingdom buffer rates for O-SIIs

      1. 34ZB.O-SII buffer rates: The FPC framework

      2. 34ZC.Determination by PRA of buffer rates for individual relevant O-SIIs

    3. CHAPTER 3 Date of application and calculation of O-SII buffer

      1. 34ZD.Date of application

      2. 34ZE.Calculation of buffer

    4. CHAPTER 4 Publication, Review and Appeals

      1. 34ZF.Publication: United Kingdom buffer rates

      2. 34ZG.Review

      3. 34ZH.Appeals

  8. PART 5A Systemic Risk Buffer

    1. 34A.Interpretation

    2. 34B.Third country buffer rates: recognition

    3. 34C.Requirement to maintain a systemic risk buffer

    4. 34D.Third country rates: application to relevant entities

    5. 34E.Calculation of the systemic risk buffer

    6. 34F.Cumulative buffers

    7. 34G.Systemic risk buffer exposures

    8. 34H.Notifications

    9. 34I.Publication: systemic risk buffer

    10. 34J.Publication: third country buffer rates

    11. 34K.Review

    12. 34L.Appeals

  9. PART 6 Combined buffer requirement

    1. 35.Combined buffer requirement

  10. PART 7 Macro-prudential measures: procedure

    1. 36.Amendments to the Bank of England Act 1998

  11. Signature

  12. Explanatory Note

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