Version status: In force | Document consolidation status: Updated to reflect all known changes

Published date: 1 April 2014

Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014 [SI 2014 No. 894] (Capital Buffers Regulations (CBR))

	Introductory Text
	Part 1 Introductory provisions (regs. 1-4)
	Regulation 1 Citation, commencement and cessation
	Regulation 2 Interpretation
	Regulation 3 Conferral of functions or discretion on the FPC
	Regulation 4 Appeals: application of Part 9 of the Financial Services and Markets Act 2000
	Part 2 Capital conservation buffer (regs. 5-6)
	Regulation 5 Transitional provisions: 1st January 2016 to 31st December 2018
	Regulation 6 Exemption for small and medium-sized investment firms
	Part 3 Countercyclical Capital Buffer (regs. 7-20)
	Chapter 1 Overview and interpretation (regs. 7-8)
	Regulation 7 Overview
	Regulation 8 Meaning of "UK institution"
	Chapter 2 Exposures located in the United Kingdom (regs. 9-12)
	Regulation 9 The buffer guide
	Regulation 10 Countercyclical buffer rate
	Regulation 11 Date from which changes to the buffer rate apply
	Regulation 12 Announcement of changes to the buffer rate
	Regulation 12A Buffer rate rules
	Chapter 3 Exposures located outside the United Kingdom (regs. 13-18)
	Regulation 13 Buffer rates for EEA exposures: before 1st January 2016
	Regulation 14 Buffer rates for EEA exposures: savings provision
	Regulation 15 Buffer rates for exposures outside the UK
	Regulation 16 Buffer rates: integer multiples of 0.25%
	Regulation 17 Date of application of buffer rates
	Regulation 18 Announcement of changes to buffer rates
	Chapter 4 Institution-specific countercyclical capital buffers (regs. 19-20)
	Chapter 4 Institution-specific countercyclical capital buffers (regs. 19-20)
	Regulation 19 Calculation of buffer before 1st January 2016
	Regulation 19A Application of the institution-specific countercyclical capital buffer to holding companies
	Regulation 20 Exemption for small and medium-sized investment firms
	Part 4 G-SII Buffer (regs. 21-28)
	Regulation 21 Duty of PRA to identify G-SIIs
	Regulation 22 G-SIIs: location and nature
	Regulation 23 Identification methodology
	Regulation 24 Sub-categories of G-SII and corresponding buffer rates
	Regulation 25 Re-allocation in exercise of sound supervisory judgement
	Regulation 26 Notification, publication and review
	Regulation 27 Appeals
	Regulation 28 Transitional provision: 1st January 2016 to 31st December 2019
	Part 5 O-SIIs (regs. 29-34)
	Regulation 29 Duty of PRA to identify O-SIIs
	Regulation 30 O-SIIs: location and nature
	Regulation 31 Identification of O-SIIs
	Regulation 32 Publication and review
	Regulation 33 Appeals
	Part 5ZA O-SII Buffers (regs. 34-34ZH)
	Chapter 1 Interpretation and power to impose O-SII buffer (regs. 34-34ZA)
	Regulation 34 Interpretation
	Regulation 34ZA Power for the PRA to require an O-SII buffer to be maintained
	Chapter 2 United Kingdom buffer rates for O-SIIs (regs. 34ZB-34ZC)
	Regulation 34ZB O-SII buffer rates: The FPC framework
	Regulation 34ZC Determination by PRA of buffer rates for individual relevant O-SIIs
	Chapter 3 Date of application and calculation of O-SII buffer (regs. 34ZD-34ZE)
	Regulation 34ZD Date of application
	Regulation 34ZE Calculation of buffer
	Chapter 4 Publication, Review and Appeals (regs. 34ZF-34ZH)
	Regulation 34ZF Publication: United Kingdom buffer rates
	Regulation 34ZG Review
	Regulation 34ZH Appeals
	Part 5A Systemic Risk Buffer (regs. 34A-34L)
	Regulation 34A Interpretation
	Regulation 34B Third country buffer rates: recognition
	Regulation 34C Requirement to maintain a systemic risk buffer
	Regulation 34D Third country rates: application to relevant entities
	Regulation 34E Calculation of the systemic risk buffer
	Regulation 34F Cumulative buffers
	Regulation 34G Systemic risk buffer exposures
	Regulation 34H Notifications
	Regulation 34I Publication: systemic risk buffer
	Regulation 34J Publication: third country buffer rates
	Regulation 34K Review
	Regulation 34L Appeals
	Regulation 34M Calculation: Class B institutions
	Regulation 34N Calculation: Class C, Class D and Class E institutions
	Regulation 34O Notification: recognition of third country buffer rate
	Regulation 34P Publication: FPC framework
	Part 6 Combined buffer requirement (reg. 35)
	Regulation 35 Combined buffer requirement
	Part 7 Macro-prudential measures: procedure (reg. 36)
	Regulation 36 Amendments to the Bank of England Act 1998
	Signature
	Explanatory Note
	Explanatory Memorandum