PART 3Countercyclical Capital Buffer
CHAPTER 4Institution-specific countercyclical capital buffers
Calculation of buffer before 1st January 201619
1
The appropriate regulator must require institutions to calculate their institution-specific countercyclical capital buffers in accordance with Article 140 of the capital requirements directive, subject to the modifications set out in paragraph (2) M1.
2
The countercyclical buffer rate for exposures located in an EEA State other than the United Kingdom is—
a
the buffer rate recognised or set for that EEA State by the FPC under regulation 13; or
b
0% otherwise.