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Introductory Text
PART 1 Introductory provisions
1.Citation, commencement and cessation
2.Interpretation
3.Conferral of functions or discretion on the FPC
4.Appeals: application of Part 9 of the Financial Services and Markets Act 2000
PART 2 Capital conservation buffer
5.Transitional provisions: 1st January 2016 to 31st December 2018
6.Exemption for small and medium-sized investment firms
PART 3 Countercyclical Capital Buffer
CHAPTER 1 Designated authority and interpretation
7.Designated authority
8.Meaning of “UK institution”
CHAPTER 2 Exposures located in the United Kingdom
9.The buffer guide
10.Countercyclical buffer rate
11.Date from which changes to the buffer rate apply
12.Announcement of changes to the buffer rate
CHAPTER 3 Exposures located outside the United Kingdom
13.Buffer rates for EEA exposures: before 1st January 2016
14.Buffer rates for EEA exposures: on or after 1st January 2016
15.Buffer rates for exposures outside the EEA
16.Buffer rates: integer multiples of 0.25%
17.Date of application of buffer rates
18.Announcement of changes to buffer rates
CHAPTER 4 Institution-specific countercyclical capital buffers
19.Calculation of buffer before 1st January 2016
20.Exemption for small and medium-sized investment firms
PART 4 G-SII Buffer
21.Designated authority
22.G-SIIs: location and nature
23.Identification methodology
24.Sub-catgories of G-SII and corresponding buffer rates
25.Re-allocation in exercise of sound supervisory judgement
26.Notification, publication and review
27.Appeals
28.Transitional provision: 1st January 2016 to 31st December 2019
PART 5 O-SIIs
29.Designated authority
30.O-SIIs: location and nature
31.Identification of O-SIIs
32.Notification, publication and review
33.Appeals
34.No requirement to maintain an O-SII buffer
PART 6 Combined buffer requirement
35.Combined buffer requirement
PART 7 Macro-prudential measures: procedure
36.Amendments to the Bank of England Act 1998
Signature
Explanatory Note