Announcement of changes to buffer ratesU.K.
18.—(1) Where the FPC recognises or sets a buffer rate under [F1regulation 15], the Bank must publish the FPC's decision on its website.
(2) The Bank must also publish the following information when a decision is published under paragraph (1)—
(a)the buffer rate;
(b)where the FPC has set the buffer rate under regulation 15(2) or 15(4), the justification for the buffer rate;
(c)the F2...country to which that buffer rate applies;
(d)the date from which the buffer rate applies; and
(e)any exceptional circumstances justifying a date of application of less than twelve months after the date of publication.
Textual Amendments
F1Words in reg. 18(1) substituted (31.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(3), 47(a) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
F2Words in reg. 18(2)(c) omitted (31.12.2020) by virtue of The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(3), 47(b) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)