# The Bank of England Act 1998 (Macro-prudential Measures) Order 2013, Article 2: Macro-prudential measures


(1) The measures listed in the first column of the table (and any measure falling within a listed measure) are prescribed in relation to the regulator specified in the second column of the table.
(2) Subject to paragraph (3), each of those measures may be applied on, or by reference to, a solo basis or on, or by reference to, a consolidated basis.
Macro-prudential measures
Macro-prudential measure
Regulator
To require UK banks , or their holding companies, to maintain additional own funds by reference to their residential property exposures, commercial property exposures or financial sector exposures or to impose requirements on UK banks , or their holding companies, by reference to the failure to maintain such additional own funds
PRA
To require UK investment firms which are PRA-authorised persons , or their holding companies, to maintain additional own funds by reference to their residential property exposures, commercial property exposures or financial sector exposures or to impose requirements on such UK investment firms , or their holding companies, by reference to the failure to maintain such additional own funds
PRA
To require UK banks , or their holding companies, to treat residential property exposures, commercial property exposures or financial sector exposures as if they gave rise to an increased level of risk specified by the FPC
PRA
To require UK investment firms which are PRA-authorised persons , or their holding companies, to treat residential property exposures, commercial property exposures or financial sector exposures as if they gave rise to an increased level of risk specified by the FPC
PRA
(3) Where a measure listed in the table is applied to the holding company of a UK bank or of a UK investment firm which is a PRA-authorised person, the measure may only be applied to that holding company on, or by reference to, a consolidated basis.

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Source: https://www.legislation.gov.uk/uksi/2013/644/article/2 (the official version)
Page: https://openlegislation.uk/bank-of-england-act-1998-macro-prudential-measures-order-2013/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.