# The Capital Requirements (Amendment) (EU Exit) Regulations 2018, Regulation 59: Regulation 34 (no requirement to maintain an O-SII buffer)


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.”.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111174661/regulation/59 (the official version)
Page: https://openlegislation.uk/draft-capital-requirements-amendment-eu-exit-regulations-2018/regulation-59
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.