Regulation 8 Buffer rate rules
Nothing in paragraph 17(9)(b) (delegation of functions) of Schedule 6A (prudential regulation committee) to the Bank of England Act 1998f1 prohibits the making of a rule by the PRA that references a countercyclical capital buffer rate set by the FPC under this Part or by an overseas regulator.
Annotations
Footnotes
- f1
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1998 c. 11. Schedule 6A was inserted by Schedule 1 of the Bank of England and Financial Services Act 2016 (c. 14).