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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 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).