OpenLegislation

The Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014 (revoked)

S.I. 2014/894 · Made 1 April 2014 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 31 July 2025.

Financial Services And Markets

Made 1st April 2014

Laid before Parliament 3rd April 2014

Coming into force in accordance with regulation 1

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Annotations to the whole text

Textual amendments

F1

Regulations revoked (31.7.2025) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2025/572, reg. 3(b)

Contents

  1. Part 1: Introductory provisions Repealed
  2. 1Citation, commencement and cessation Repealed
  3. 2Interpretation Repealed
  4. 3Conferral of functions or discretion on the FPC Repealed
  5. 4Appeals: application of Part 9 of the Financial Services and Markets Act 2000 Repealed
  6. Part 2: Capital conservation buffer Repealed
  7. 5Transitional provisions: 1st January 2016 to 31st December 2018 Repealed
  8. 6Exemption for small and medium-sized investment firms Repealed
  9. Part 3: Countercyclical Capital Buffer Repealed
  10. Chapter 1: Overview and interpretation Repealed
  11. 7Overview Repealed
  12. 8Meaning of “UK institution” Repealed
  13. Chapter 2: Exposures located in the United Kingdom Repealed
  14. 9The buffer guide Repealed
  15. 10Countercyclical buffer rate Repealed
  16. 11Date from which changes to the buffer rate apply Repealed
  17. 12Announcement of changes to the buffer rate Repealed
  18. 12ABuffer rate rules Repealed
  19. Chapter 3: Exposures located outside the United Kingdom Repealed
  20. 13Buffer rates for EEA exposures: before 1st January 2016 Repealed
  21. 14Buffer rates for EEA exposures: savings provision Repealed
  22. 15Buffer rates for exposures outside the UK Repealed
  23. 16Buffer rates: integer multiples of 0.25% Repealed
  24. 17Date of application of buffer rates Repealed
  25. 18Announcement of changes to buffer rates Repealed
  26. Chapter 4: Institution-specific countercyclical capital buffers Repealed
  27. 19Calculation of buffer before 1st January 2016 Repealed
  28. 19AApplication of the institution-specific countercyclical capital buffer to holding companies Repealed
  29. 20Exemption for small and medium-sized investment firms Repealed
  30. Part 4: G-SII Buffer Repealed
  31. 21Duty of PRA to identify G-SIIs Repealed
  32. 22G-SIIs: location and nature Repealed
  33. 23Identification methodology Repealed
  34. 24Sub-catgories of G-SII and corresponding buffer rates Repealed
  35. 25Re-allocation in exercise of sound supervisory judgement Repealed
  36. 26Notification, publication and review Repealed
  37. 27Appeals Repealed
  38. 28Transitional provision: 1st January 2016 to 31st December 2019 Repealed
  39. Part 5: O-SIIs Repealed
  40. 29Duty of PRA to identify O-SIIs Repealed
  41. 30O-SIIs: location and nature Repealed
  42. 31Identification of O-SIIs Repealed
  43. 32Publication and review Repealed
  44. 33Appeals Repealed
  45. Part 5ZA: O-SII Buffers Repealed
  46. Chapter 1: Interpretation and power to impose O-SII buffer Repealed
  47. 34Interpretation Repealed
  48. 34ZAPower for the PRA to require an O-SII buffer to be maintained Repealed
  49. Chapter 2: United Kingdom buffer rates for O-SIIs Repealed
  50. 34ZBO-SII buffer rates: The FPC framework Repealed
  51. 34ZCDetermination by PRA of buffer rates for individual relevant O-SIIs Repealed
  52. Chapter 3: Date of application and calculation of O-SII buffer Repealed
  53. 34ZDDate of application Repealed
  54. 34ZECalculation of buffer Repealed
  55. Chapter 4: Publication, Review and Appeals Repealed
  56. 34ZFPublication: United Kingdom buffer rates Repealed
  57. 34ZGReview Repealed
  58. 34ZHAppeals Repealed
  59. Part 5A: Systemic Risk Buffer Repealed
  60. 34AInterpretation Repealed
  61. 34BThird country buffer rates: recognition Repealed
  62. 34CRequirement to maintain a systemic risk buffer Repealed
  63. 34DThird country rates: application to relevant entities Repealed
  64. 34ECalculation of the systemic risk buffer Repealed
  65. 34FCumulative buffers Repealed
  66. 34GSystemic risk buffer exposures Repealed
  67. 34HNotifications Repealed
  68. 34IPublication: systemic risk buffer Repealed
  69. 34JPublication: third country buffer rates Repealed
  70. 34KReview Repealed
  71. 34LAppeals Repealed
  72. Part 6: Combined buffer requirement Repealed
  73. 35Combined buffer requirement Repealed
  74. Part 7: Macro-prudential measures: procedure Repealed
  75. 36Amendments to the Bank of England Act 1998 Repealed
  76. Signature
  77. Explanatory note

1Citation, commencement and cessationF1

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2InterpretationF1

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3Conferral of functions or discretion on the FPCF1

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4Appeals: application of Part 9 of the Financial Services and Markets Act 2000F1

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5Transitional provisions: 1st January 2016 to 31st December 2018F1

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6Exemption for small and medium-sized investment firmsF1

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7OverviewF1

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8Meaning of “UK institution”F1

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9The buffer guideF1

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10Countercyclical buffer rateF1

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11Date from which changes to the buffer rate applyF1

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12Announcement of changes to the buffer rateF1

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12ABuffer rate rulesF1

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13Buffer rates for EEA exposures: before 1st January 2016F1

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14Buffer rates for EEA exposures: savings provisionF1

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15Buffer rates for exposures outside the UKF1

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16Buffer rates: integer multiples of 0.25%F1

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17Date of application of buffer ratesF1

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18Announcement of changes to buffer ratesF1

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19Calculation of buffer before 1st January 2016F1

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19AApplication of the institution-specific countercyclical capital buffer to holding companiesF1

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20Exemption for small and medium-sized investment firmsF1

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21Duty of PRA to identify G-SIIsF1

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22G-SIIs: location and natureF1

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23Identification methodologyF1

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24Sub-catgories of G-SII and corresponding buffer ratesF1

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25Re-allocation in exercise of sound supervisory judgementF1

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26Notification, publication and reviewF1

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27AppealsF1

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28Transitional provision: 1st January 2016 to 31st December 2019F1

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29Duty of PRA to identify O-SIIsF1

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30O-SIIs: location and natureF1

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31Identification of O-SIIsF1

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32Publication and reviewF1

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33AppealsF1

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34InterpretationF1

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34ZAPower for the PRA to require an O-SII buffer to be maintainedF1

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34ZBO-SII buffer rates: The FPC frameworkF1

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34ZCDetermination by PRA of buffer rates for individual relevant O-SIIsF1

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34ZDDate of applicationF1

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34ZECalculation of bufferF1

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34ZFPublication: United Kingdom buffer ratesF1

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34ZGReviewF1

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34ZHAppealsF1

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34AInterpretationF1

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34BThird country buffer rates: recognitionF1

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34CRequirement to maintain a systemic risk bufferF1

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34DThird country rates: application to relevant entitiesF1

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34ECalculation of the systemic risk bufferF1

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34FCumulative buffersF1

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34GSystemic risk buffer exposuresF1

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34HNotificationsF1

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34IPublication: systemic risk bufferF1

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34JPublication: third country buffer ratesF1

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34KReviewF1

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34LAppealsF1

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35Combined buffer requirementF1

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36Amendments to the Bank of England Act 1998F1

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Signature

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Explanatory note

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .