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Regulation 4 Use of buffer rates to determine institution-specific countercyclical capital buffers

Original text. Later amendments are not shown.

(1)

The buffer rates mentioned in regulations 5 and 9 must be used in the determination of institution-specific countercyclical capital buffers where the PRA has made rules under FSMA 2000 requiring UK institutions, or a specified description of UK institutions, to calculate institution-specific countercyclical capital buffers.

(2)

In paragraph (1) “specified” means specified in rules made by the PRA under FSMA 2000.