(1) Where -
(a) a set or subset of exposures referred to in Regulation 123E is subject to one or more systemic risk buffers, and
(b) the setting or resetting of a systemic risk buffer rate or rates by the Bank would result in a combined systemic risk buffer rate less than or equal to 3 per cent for any of those exposures,
the Bank shall notify the ESRB in accordance with Regulation 123H one month before the publication of the decision referred to in Regulation 123L.
(2) The recognition of a systemic risk buffer rate set by another Member State in accordance with Regulation 124 shall not count towards the 3 per cent threshold referred to in paragraph (1)(b).