The Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014, Section 14 is up to date with all changes known to be in force on or before 09 March 2025. 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.
14.—(1) Where, on or before IP completion day—
(a)an EEA authority set a buffer rate (“the EEA buffer rate”) for that EEA state for the purpose of enabling institutions in that EEA State to calculate their institution-specific countercyclical capital buffer,
(b)the EEA buffer rate exceeded 2.5%, and
(c)the EEA buffer rate was recognised by the FPC, so that UK institutions with exposures located in that EEA State could be required by the PRA and FCA to apply it in their calculation of their institution-specific countercyclical capital buffers,
the FPC's decision to recognise the EEA buffer rate must be treated after IP completion day as though it were a decision made under regulation 15 of these Regulations.]
Textual Amendments
F1Reg. 14 substituted (31.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(3), 44 (as amended by S.I. 2020/1301, regs. 1, 3, Sch. para. 11(c) and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
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