
2014 No. 894
Financial Services And Markets
The Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014 (revoked)
Made 1st April 2014
Laid before Parliament 3rd April 2014
Coming into force in accordance with regulation 1
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PART 1 Introductory provisions
Citation, commencement and cessation
1 
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Interpretation
2 
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Conferral of functions or discretion on the FPC
3 
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Appeals: application of Part 9 of the Financial Services and Markets Act 2000
4 
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PART 2 Capital conservation buffer
Transitional provisions: 1st January 2016 to 31st December 2018
5 
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Exemption for small and medium-sized investment firms
6 
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PART 3 Countercyclical Capital Buffer
CHAPTER 1
Overview and interpretation
              
Overview
7 
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Meaning of  “UK institution”
8 
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CHAPTER 2
Exposures located in the United Kingdom
The buffer guide
9 
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Countercyclical buffer rate
10 
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Date from which changes to the buffer rate apply
11 
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Announcement of changes to the buffer rate
12 
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Buffer rate rules
12A 
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CHAPTER 3
Exposures located outside the United Kingdom
Buffer rates for EEA exposures: before 1st January 2016
13 
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Buffer rates for EEA exposures: savings provision
14 
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Buffer rates for exposures outside the  UK 
15 
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Buffer rates: integer multiples of 0.25%
16 
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Date of application of buffer rates
17 
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Announcement of changes to buffer rates
18 
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CHAPTER 4
Institution-specific countercyclical capital buffers
Calculation of buffer before 1st January 2016
19 
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 Application of the institution-specific countercyclical capital buffer to holding companies
19A. 
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Exemption for small and medium-sized investment firms
20 
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PART 4 G-SII Buffer
Duty of PRA to identify G-SIIs
21 
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G-SIIs: location and nature
22 
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Identification methodology
23 
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Sub-catgories of G-SII and corresponding buffer rates
24 
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Re-allocation in exercise of sound supervisory judgement
25 
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Notification, publication and review
26 
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Appeals
27 
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Transitional provision: 1st January 2016 to 31st December 2019
28 
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PART 5 O-SIIs
Duty of PRA to identify O-SIIs
29 
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O-SIIs: location and nature
30 
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Identification of O-SIIs
31 
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Publication and review
32 
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Appeals
33 
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PART 5ZA O-SII Buffers
CHAPTER 1
Interpretation and power to impose O-SII buffer
Interpretation
34 
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Power for the PRA to require an O-SII buffer to be maintained
34ZA. 
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CHAPTER 2
United Kingdom buffer rates for O-SIIs
O-SII buffer rates: The FPC framework
34ZB. 
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Determination by PRA of buffer rates for individual relevant O-SIIs
34ZC. 
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CHAPTER 3
Date of application and calculation of O-SII buffer
Date of application
34ZD. 
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Calculation of buffer
34ZE. 
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CHAPTER 4
Publication, Review and Appeals
Publication: United Kingdom buffer rates
34ZF. 
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Review
34ZG. 
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Appeals
34ZH. 
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PART 5A Systemic Risk Buffer
Interpretation
34A. 
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Third country buffer rates: recognition
34B. 
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Requirement to maintain a systemic risk buffer
34C. 
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Third country rates: application to relevant entities
34D. 
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Calculation of the systemic risk buffer
34E. 
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Cumulative buffers
34F. 
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Systemic risk buffer exposures
34G. 
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Notifications
34H. 
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Publication: systemic risk buffer
34I. 
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Publication: third country buffer rates
34J. 
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Review
34K. 
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Appeals
34L. 
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PART 6 Combined buffer requirement
Combined buffer requirement
35 
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PART 7 Macro-prudential measures: procedure
Amendments to the Bank of England Act 1998
36 
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