{
  "url": "https://openlegislation.uk/draft-bank-of-england-act-1998-macro-prudential-measures-order-2013/article-2",
  "json_url": "https://openlegislation.uk/draft-bank-of-england-act-1998-macro-prudential-measures-order-2013/article-2.json",
  "legislation": "ukdsi/2013/9780111533673",
  "legislation_title": "The Bank of England Act 1998 (Macro-prudential Measures) Order 2013",
  "legislation_url": "https://openlegislation.uk/draft-bank-of-england-act-1998-macro-prudential-measures-order-2013",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "Macro-prudential measures",
  "text": "(1) The measures listed in the first column of the table (and any measure falling within a listed measure) are prescribed in relation to the regulator specified in the second column of the table.\n(2) Each of those measures may be applied on, or by reference to, a solo basis or on, or by reference to, a consolidated basis.\nMacro-prudential measures\nMacro-prudential measure\nRegulator\nTo require UK banks to maintain additional own funds by reference to their residential property exposures, commercial property exposures or financial sector exposures or to impose requirements on UK banks by reference to the failure to maintain such additional own funds\nPRA\nTo require UK investment firms which are PRA-authorised persons to maintain additional own funds by reference to their residential property exposures, commercial property exposures or financial sector exposures or to impose requirements on such UK investment firms by reference to the failure to maintain such additional own funds\nPRA\nTo require UK banks to treat residential property exposures, commercial property exposures or financial sector exposures as if they gave rise to an increased level of risk specified by the FPC\nPRA\nTo require UK investment firms which are PRA-authorised persons to treat residential property exposures, commercial property exposures or financial sector exposures as if they gave rise to an increased level of risk specified by the FPC\nPRA",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Articles 56 to 67 of the banking consolidation directive describe what the unconsolidated own funds of a credit institution are, for regulatory purposes, to consist of."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2013/9780111533673/article/2",
    "retrieved_at": "2026-10-30T14:50:32.411486+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}