# The Financial Services and Markets Act 2023 (Capital Buffers and Macro-prudential Measures) (Consequential Amendments) Regulations 2025, Regulation 3: Bank of England Act 1998 (Macro-prudential Measures) (No. 2) Order 2015


In article 2(1) of the Bank of England Act 1998 (Macro-prudential Measures) (No. 2) Order 2015 (interpretation)—
(a) in the definition of “G-SII”, omit “pursuant to Part 4 of the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014”;
(b) in the definition of “G-SII additional leverage ratio”, for “G-SII buffer” substitute “buffer”;
(c) omit the definition of “G-SII buffer”;
(d) in the definition of “institution-specific countercyclical capital buffer”, for “Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014” substitute “Capital Buffers and Macro-prudential Measures Regulations 2025”;
(e) in the definition of “O-SII additional leverage ratio”, for “Part 5ZA of the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014” substitute “Part 3 of the Capital Buffers and Macro-prudential Measures Regulations 2025”;
(f) in the definition of “O-SII buffer”, for “regulation 34 of the Capital Requirements (Capital Buffers and Macro-prudential Measure) Regulations 2014” substitute “regulation 16 of the Capital Buffers and Macro-prudential Measures Regulations 2025”;
(g) in the definition of “relevant O-SII”, for “regulation 34 of the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014” substitute “regulation 14 of the Capital Buffers and Macro-prudential Measures Regulations 2025”.

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Source: https://www.legislation.gov.uk/ukdsi/2025/9780348272604/regulation/3 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2023-capital-buffers-and-macro-prudential-measures-consequential-amendments-regulations-2025/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.