Regulation 12 Announcement of changes to buffer rates
(1)
The Bank must publish on its website the FPC’s decision to recognise or set a buffer rate under regulation 9.
(2)
The Bank must also publish the following information when a decision is published under paragraph (1)—
(a)
the buffer rate,
(b)
where the FPC has set the buffer rate under regulation 9(2) or (4), the justification for the buffer rate,
(c)
the country or territory to which the buffer rate applies,
(d)
the date from which the buffer rate applies, and
(e)
any exceptional circumstances justifying a date of application which occurs on a date within a period of 12 months beginning with the publication day.
(3)
In this regulation, “publication day” has the meaning given in regulation 11(3).