Regulation 13 Application of the buffer rate to holding companies

(1)

This regulation applies where the PRA makes rules under section 192XA of FSMA 2000 requiring a parent financial holding company or a parent mixed financial holding company (a “holding company”) to calculate an institution-specific countercyclical capital buffer.

(2)

The PRA must ensure that the following items apply to a holding company as they apply to a UK institution—

(a)

the buffer rate set by the FPC under regulation 5 or recognised or set under regulation 9;

(b)

the date set by the FPC for the application—

(i)

of a change in the buffer rate under regulation 6, or

(ii)

of a buffer rate recognised or set under regulation 9.