Regulation 129C Failure to meet leverage ratio buffer requirement

An institution shall be considered as failing to meet the leverage ratio buffer requirement for the purposes of Regulation 129B where it does not have Tier 1 capital in the amount needed to meet, at the same time, the requirement under Article 92(1a) of the Capital Requirements Regulation and the requirement under point (d) of Article 92(1) of that Regulation and in Regulation 92(2)(a) when addressing the risk of excessive leverage not sufficiently covered by point (d) of Article 92(1) of the Capital Requirements Regulation.