The Financial Services and Markets Act 2023 (Capital Buffers and Macro-prudential Measures) (Consequential Amendments) Regulations 2025
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Change 1
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”.
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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