On 21 January 2021, the PRA updated its webpage on capital buffers and Pillar 2A modification by consent and model requirements by publishing a direction for modification by consent of 5.1 to 5.3 and 5.5 of the Capital Buffers Part of the PRA Rulebook. The direction takes effect on 20 January 2021 and remains in force for five years or, if earlier, until superseded by a further direction relating to the same subject matter. The direction should also be read in conjunction with the voluntary requirement relating to capital buffers and Pillar 2A model requirements, which became effective on 31 December 2020.