The Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014 No. 894

PART 4 U.K. G-SII Buffer

Appeals U.K.

27.—(1) Where a person is aggrieved at the PRA's decision—

(a) that the person [F1 or a group for which the person is UK parent institution, UK parent financial holding company, UK parent mixed financial holding company (a “relevant group”),] is, or is not, a G-SII; or

(b) to allocate that person [F2 or the relevant group] to a particular sub-category of G-SII;

then the person may refer the matter to the Tribunal.

(2) The scope of an appeal under paragraph (1) is limited to the application of the PRA's identification methodology and sub-categories of G-SII to the aggrieved person [F3 or the relevant group] .

Textual Amendments

F1 Words in reg. 27(1)(a) inserted (29.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(2A), 53A(a)(i) (as inserted by S.I. 2020/1406, regs. 1(2), 16(5))

F2 Words in reg. 27(1)(b) inserted (29.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(2A), 53A(a)(ii) (as inserted by S.I. 2020/1406, regs. 1(2), 16(5))

F3 Words in reg. 27(2) inserted (29.12.2020) by The Capital Requirements (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1401), regs. 1(2A), 53A(b) (as inserted by S.I. 2020/1406, regs. 1(2), 16(5))