UK Statutory Instrument SI 2025 United Kingdom

Capital Buffers and Macro-prudential Measures Regulations 2025

Read it on legislation.gov.uk (opens in a new tab)
Enforced by
PRA
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Plus 12 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

Introductory Provisions

0 of 2 sections shown
2 other sections in this Part — procedural and definitional
s.001 Citation, commencement and extent
s.002 Interpretation
Part 2

Countercyclical Capital Buffer

6 of 11 sections shown
s.005 Countercyclical capital buffer rate Regulated
Other duties (1) — Crown / regulator
  • FPC must set UK countercyclical capital buffer rate quarterlyStatutory regulator
s.006 Date from which changes to the buffer rate apply Regulated
Other duties (1) — Crown / regulator
  • FPC must set effective date for buffer rate increases and reduction outlookStatutory regulator
s.007 Announcement of changes to the buffer rate Regulated
Other duties (1) — Crown / regulator
  • Bank of England must publish FPC buffer rate decisions and reasonsStatutory regulator
s.011 Date of application of buffer rates Regulated
Other duties (1) — Crown / regulator
  • FPC must set application date for higher overseas buffer ratesStatutory regulator
s.012 Announcement of changes to buffer rates Regulated
Other duties (1) — Crown / regulator
  • Bank must publish FPC buffer rate decisions on its websiteStatutory regulator
s.013 Application of the buffer rate to holding companies Regulated
Other duties (1) — Crown / regulator
  • PRA must ensure FPC buffer rates and dates apply to holding companiesStatutory regulator
5 other sections in this Part — procedural and definitional
s.003 Interpretation of Part 2
s.004 Use of buffer rates to determine institution-specific countercyclical capital buffers
s.008 Buffer rate rules
s.009 Buffer rates for exposures outside the UK
s.010 Buffer rates: integer multiples of 0.25%
Part 3

O-SIIs and O-SII Buffers

6 of 9 sections shown
s.015 Duty of PRA to identify O-SIIs Regulated
Other duties (1) — Crown / regulator
  • PRA must identify O-SIIs (other systemically important institutions)Statutory regulator
s.017 O-SII buffer rates: the FPC framework Regulated
Other duties (1) — Crown / regulator
  • FPC must set O-SII buffer framework; Bank must publish itStatutory regulator
s.019 Date of application Regulated
Other duties (1) — Crown / regulator
  • PRA must decide effective dates for O-SII buffer ratesStatutory regulator
s.020 Calculation of buffer Regulated
Other duties (1) — Crown / regulator
  • PRA must require O-SIIs to calculate buffer on all exposuresStatutory regulator
s.021 Publication: United Kingdom buffer rates Regulated
Other duties (1) — Crown / regulator
  • PRA must publish O-SII buffer rates and cessation decisions on its websiteStatutory regulator
s.022 Review Regulated
Other duties (1) — Crown / regulator
  • FPC and PRA must keep buffer framework and buffer rates under periodic reviewStatutory regulator
3 other sections in this Part — procedural and definitional
s.014 Interpretation of Part 3
s.016 Power for the PRA to require an O-SII buffer to be maintained
s.018 Determination by PRA of buffer rates for individual relevant O-SII
Part 4

Transitional Provisions

0 of 1 section shown
1 other section in this Part — procedural and definitional
s.023 Savings for buffer rates set or recognised before 31st July 2025

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.