The Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014
PART 1Introductory provisions
1Citation, commencement and cessation
2Interpretation
3Conferral of functions or discretion on the FPC
4Appeals: application of Part 9 of the Financial Services and Markets Act 2000
PART 2Capital conservation buffer
5Transitional provisions: 1st January 2016 to 31st December 2018
6Exemption for small and medium-sized investment firms
PART 3Countercyclical Capital Buffer
CHAPTER 1Overview and interpretation
7Overview
8Meaning of “UK institution”
CHAPTER 2Exposures located in the United Kingdom
9The buffer guide
10Countercyclical buffer rate
11Date from which changes to the buffer rate apply
12Announcement of changes to the buffer rate
12ABuffer rate rules
CHAPTER 3Exposures located outside the United Kingdom
13Buffer rates for EEA exposures: before 1st January 2016
14Buffer rates for EEA exposures: savings provision
15Buffer rates for exposures outside the UK
16Buffer rates: integer multiples of 0.25%
17Date of application of buffer rates
18Announcement of changes to buffer rates
CHAPTER 4Institution-specific countercyclical capital buffers
19Calculation of buffer before 1st January 2016
19A Application of the institution-specific countercyclical capital buffer to holding companies
20Exemption for small and medium-sized investment firms
PART 4G-SII Buffer
21Duty of PRA to identify G-SIIs
22G-SIIs: location and nature
23Identification methodology
24Sub-catgories of G-SII and corresponding buffer rates
25Re-allocation in exercise of sound supervisory judgement
26Notification, publication and review
27Appeals
28Transitional provision: 1st January 2016 to 31st December 2019
PART 5O-SIIs
29Duty of PRA to identify O-SIIs
30O-SIIs: location and nature
31Identification of O-SIIs
32Publication and review
33Appeals
PART 5ZAO-SII Buffers
CHAPTER 1Interpretation and power to impose O-SII buffer
34Interpretation
34ZAPower for the PRA to require an O-SII buffer to be maintained
CHAPTER 2United Kingdom buffer rates for O-SIIs
34ZBO-SII buffer rates: The FPC framework
34ZCDetermination by PRA of buffer rates for individual relevant O-SIIs
CHAPTER 3Date of application and calculation of O-SII buffer
34ZDDate of application
34ZECalculation of buffer
CHAPTER 4Publication, Review and Appeals
34ZFPublication: United Kingdom buffer rates
34ZGReview
34ZHAppeals
PART 5ASystemic Risk Buffer
34AInterpretation
34BThird country buffer rates: recognition
34CRequirement to maintain a systemic risk buffer
34DThird country rates: application to relevant entities
34ECalculation of the systemic risk buffer
34FCumulative buffers
34GSystemic risk buffer exposures
34HNotifications
34IPublication: systemic risk buffer
34JPublication: third country buffer rates
34KReview
34LAppeals
PART 6Combined buffer requirement
35Combined buffer requirement
PART 7Macro-prudential measures: procedure
36Amendments to the Bank of England Act 1998
2014 No. 894
Financial Services And Markets

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

Made
Laid before Parliament
Coming into force in accordance with regulation 1

M1M2The Treasury are designated for the purposes of section 2(2) of the European Communities Act 1972 in relation to financial services.

The Treasury, in exercise of the powers conferred by section 2(2) of the European Communities Act 1972, make the following Regulations: