OverviewU.K.
This section has no associated Explanatory Memorandum
14. 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.”.
Commencement Information
I1Reg. 14 in force at 27.11.2020, see reg. 1(2)