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Regulation 59 Regulation 34 (no requirement to maintain an O-SII buffer)

Original text. Later amendments are not shown.

For regulation 34 (no requirement to maintain an O-SII buffer) substitute—

“No requirement to maintain an O-SII buffer

34.
(1)

No requirement may be imposed by the FCA or PRA on an O-SII to maintain a capital buffer solely because of its identification as an O-SII under this Part.

(2)

In paragraph (1) a “capital buffer” means a requirement to maintain additional Common Equity Tier 1 capital expressed as a percentage of the O-SII’s total risk exposure amount calculated in accordance with Article 92(3) of the capital requirements regulation.”.