Regulation 12 Announcement of changes to the buffer rate
(1) The Bank must publish the following information on its website -
(a) the buffer rate assessed and set by the FPC in accordance with regulation 10(1);
(b) the relevant ratio of credit to gross domestic product and its deviation from the long-term trend;
(c) the buffer guide calculated by the FPC in accordance with regulation 9;
(d) the reasons for the FPC's decision on the level of the buffer rate.
(2) Where the FPC decides to increase the buffer rate, the Bank must publish on its website -
(a) the date from which UK institutions must apply the new buffer rate for the purposes of calculating their institution-specific countercyclical capital buffer; and
(b) any exceptional circumstances which justify any decision by the FPC to require institutions to apply the new buffer rate less than a year after it is published.