Amendment of the Bank of England Act 1998 (Macro-prudential Measures) (No 2) Order 2015
8.—(1) The Bank of England Act 1998 (Macro-prudential Measures) (No 2) Order 2015(1) is amended as follows.
(2) In article 2(1)—
(a)after the definition of “PRA-authorised person”, insert—
““relevant O-SII has the meaning given in regulation 34 of the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014(2);”;
(b)omit the definition of “SRB institution”;
(c)omit the definition of “SRB institution additional leverage ratio”;
(d)in the appropriate place, insert—
““O-SII additional leverage ratio” means a leverage ratio calculated by reference to the rate of the O-SII buffers which the PRA requires a relevant O-SII to maintain pursuant to Part 5ZA of the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014;”;
(e)omit the definition of “systemic risk buffer”;
(f)in the appropriate place, insert—
““O-SII buffer” has the meaning given by regulation 34 of the Capital Requirements (Capital Buffers and Macro-prudential Measure) Regulations 2014;”.
(3) In article 4(1)(b)—
(a)for “SRB institutions” substitute “relevant O-SIIs”;
(b)for “SRB institution” substitute “O-SII”.
S.I. 2015/905. There are other amending instruments, but none is relevant.
S.I. 2014/894, as amended pursuant to these Regulations.