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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
Version 3 of 3

Regulation 18 Announcement of changes to buffer rates

(1) Where the FPC recognises or sets a buffer rate under regulation 15, the Bank must publish the FPC's decision on its website.

(2) The Bank must also publish the following information when a decision is published under paragraph (1) -

(a) the buffer rate;

(b) where the FPC has set the buffer rate under regulation 15(2) or 15(4), the justification for the buffer rate;

(c) the country to which that buffer rate applies;

(d) the date from which the buffer rate applies; and

(e) any exceptional circumstances justifying a date of application of less than twelve months after the date of publication.