{
  "url": "https://openlegislation.uk/draft-capital-requirements-amendment-eu-exit-regulations-2018/regulation-59",
  "json_url": "https://openlegislation.uk/draft-capital-requirements-amendment-eu-exit-regulations-2018/regulation-59.json",
  "legislation": "ukdsi/2018/9780111174661",
  "legislation_title": "The Capital Requirements (Amendment) (EU Exit) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/draft-capital-requirements-amendment-eu-exit-regulations-2018",
  "path": "regulation/59",
  "kind": "regulation",
  "number": "59",
  "heading": "Regulation 34 (no requirement to maintain an O-SII buffer)",
  "text": "For regulation 34 (no requirement to maintain an O-SII buffer) substitute—\n“No requirement to maintain an O-SII buffer\n34. (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.\n(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.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2018/9780111174661/regulation/59",
    "retrieved_at": "2026-10-30T15:03:25.220106+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."
}