Regulation 34K Review
The PRA must review the following matters at least once every second year -
(a) the decision to require a relevant entity or class of relevant entities to maintain a systemic risk buffer under regulation 34C(1);
(b) a buffer rate set under regulation 34C(2);
(c) the exposures, or subset of exposures, to which that buffer rate is applied;
(d) a decision that a relevant entity must maintain a third country buffer under regulation 34D;
(e) a decision as to the level of consolidation to apply in relation to the application of a third country buffer rate under regulation 34D(3).