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.