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Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014 [SI 2014 No. 894] (Capital Buffers Regulations (CBR))Introductory TextPart 1 Introductory provisions (regs. 1-4)Regulation 1 Citation, commencement and cessationRegulation 2 InterpretationRegulation 3 Conferral of functions or discretion on the FPCRegulation 4 Appeals: application of Part 9 of the Financial Services and Markets Act 2000Part 2 Capital conservation buffer (regs. 5-6)Regulation 5 Transitional provisions: 1st January 2016 to 31st December 2018Regulation 6 Exemption for small and medium-sized investment firmsPart 3 Countercyclical Capital Buffer (regs. 7-20)Chapter 1 Overview and interpretation (regs. 7-8)Regulation 7 OverviewRegulation 8 Meaning of "UK institution"Chapter 2 Exposures located in the United Kingdom (regs. 9-12)Regulation 9 The buffer guideRegulation 10 Countercyclical buffer rateRegulation 11 Date from which changes to the buffer rate applyRegulation 12 Announcement of changes to the buffer rateRegulation 12A Buffer rate rulesChapter 3 Exposures located outside the United Kingdom (regs. 13-18)Regulation 13 Buffer rates for EEA exposures: before 1st January 2016Regulation 14 Buffer rates for EEA exposures: savings provisionRegulation 15 Buffer rates for exposures outside the UKRegulation 16 Buffer rates: integer multiples of 0.25%Regulation 17 Date of application of buffer ratesRegulation 18 Announcement of changes to buffer ratesChapter 4 Institution-specific countercyclical capital buffers (regs. 19-20)Chapter 4 Institution-specific countercyclical capital buffers (regs. 19-20)Regulation 19 Calculation of buffer before 1st January 2016Regulation 19A Application of the institution-specific countercyclical capital buffer to holding companiesRegulation 20 Exemption for small and medium-sized investment firmsPart 4 G-SII Buffer (regs. 21-28)Regulation 21 Duty of PRA to identify G-SIIsRegulation 22 G-SIIs: location and natureRegulation 23 Identification methodologyRegulation 24 Sub-categories of G-SII and corresponding buffer ratesRegulation 25 Re-allocation in exercise of sound supervisory judgementRegulation 26 Notification, publication and reviewRegulation 27 AppealsRegulation 28 Transitional provision: 1st January 2016 to 31st December 2019Part 5 O-SIIs (regs. 29-34)Regulation 29 Duty of PRA to identify O-SIIsRegulation 30 O-SIIs: location and natureRegulation 31 Identification of O-SIIsRegulation 32 Publication and reviewRegulation 33 AppealsPart 5ZA O-SII Buffers (regs. 34-34ZH)Chapter 1 Interpretation and power to impose O-SII buffer (regs. 34-34ZA)Regulation 34 InterpretationRegulation 34ZA Power for the PRA to require an O-SII buffer to be maintainedChapter 2 United Kingdom buffer rates for O-SIIs (regs. 34ZB-34ZC)Regulation 34ZB O-SII buffer rates: The FPC frameworkRegulation 34ZC Determination by PRA of buffer rates for individual relevant O-SIIsChapter 3 Date of application and calculation of O-SII buffer (regs. 34ZD-34ZE)Regulation 34ZD Date of applicationRegulation 34ZE Calculation of bufferChapter 4 Publication, Review and Appeals (regs. 34ZF-34ZH)Regulation 34ZF Publication: United Kingdom buffer ratesRegulation 34ZG ReviewRegulation 34ZH AppealsPart 5A Systemic Risk Buffer (regs. 34A-34L)Regulation 34A InterpretationRegulation 34B Third country buffer rates: recognitionRegulation 34C Requirement to maintain a systemic risk bufferRegulation 34D Third country rates: application to relevant entitiesRegulation 34E Calculation of the systemic risk bufferRegulation 34F Cumulative buffersRegulation 34G Systemic risk buffer exposuresRegulation 34H NotificationsRegulation 34I Publication: systemic risk bufferRegulation 34J Publication: third country buffer ratesRegulation 34K ReviewRegulation 34L AppealsRegulation 34M Calculation: Class B institutionsRegulation 34N Calculation: Class C, Class D and Class E institutionsRegulation 34O Notification: recognition of third country buffer rateRegulation 34P Publication: FPC frameworkPart 6 Combined buffer requirement (reg. 35)Regulation 35 Combined buffer requirementPart 7 Macro-prudential measures: procedure (reg. 36)Regulation 36 Amendments to the Bank of England Act 1998SignatureExplanatory NoteExplanatory Memorandum
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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 34L Appeals

(1) A person who is aggrieved by a decision of the PRA under regulation 34C may refer the matter to the Tribunal.

(2) The scope of such an appeal is limited to the buffer rate set under regulation 34C(2).

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