PART 4Capital Buffers and Macro-prudential Measures
OverviewI1I114
In regulation 38, in paragraph (1) of new regulation 7—
a
in the opening words, omit “for how the Bank”;
b
after the opening words, insert—
a
for how the Bank—
c
renumber sub-paragraphs (a) and (b) as paragraphs (i) and (ii) of the sub-paragraph (a) so inserted;
d
after the new sub-paragraph (a), insert—
b
for how the PRA is to apply institution-specific countercyclical capital buffers to parent financial holding companies and parent mixed financial holding companies.