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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 December 2020 - onwards
Version 2 of 2

Regulation 34F Cumulative buffers

(1) Where a relevant entity is subject to a systemic risk buffer, applied in accordance with this Part, subject to paragraph (2), that buffer is to be cumulative with the O-SII buffer applied under Part 5ZA or the G-SII buffer set under Part 4.

(2) The sum of the systemic risk buffer rate and the O-SII buffer rate or G-SII buffer rate may not exceed 5%.