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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 December 2020 - onwards
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Regulation 123M Additional measures

(1) Where an institution fails to maintain a systemic risk buffer at the rate set by the Bank under Regulation 123B, it shall be subject to the restrictions on distributions set out in Regulation 129(3) and (4).

(2) Where the application of the restrictions on distributions leads to an unsatisfactory improvement of the Common Equity Tier 1 capital of an institution in light of the relevant systemic risk, the Bank may take additional measures in accordance with -

(a) Regulation 90,

(b) Regulation 92,

(c) Regulation 93,

(d) section 11 of the Act of 1971,

(e) section 40 of the Act of 1989, and

(f) section 45(1) of the Act of 2013.

Comparing proposed amendment...