SS6/14 - Implementing CRD: Capital buffers

Supervisory Statement 6/14

First published on 30 April 2014

In CP5/13, the Prudential Regulation Authority (PRA) set out proposals for implementing the Capital Requirements Directive (CRD IV) provisions on capital buffers. The PRA’s rules on the CRD IV buffers were not included in its statement, Strengthening capital standards: implementing CRD IV, feedback and final rules - PS7/13 as Her Majesty’s Treasury first needed to designate the authorities responsible for each buffer.

The designation is now made so the PRA publishes its rules and supervisory statements to implement the CRD IV provisions on capital buffers in the UK for banks, building societies and PRA designated investment firms. The PRA’s rules and supervisory statement do not apply to investment firms supervised by the Financial Conduct Authority (FCA). Such firms should refer to the FCA website for the applicable rules and guidance.

Future version

Confirmed as final in January 2026, following near-final future version published in October 2025. Effective from 1 January 2027.

Confirmed final by PS4/26 – The Strong and Simple Framework: The simplified capital regime for Small Domestic Deposit Takers (SDDTs) – final. First published as near-final as part of PS20/25 – The Strong and Simple Framework: The simplified capital regime for Small Domestic Deposit Takers (SDDTs) – near-final.

Past versions