On 23 January 2020, the PRA published an updated version of Supervisory Statement 6/14: Implementing CRD IV: capital buffers (SS6/14).
The FCA has published SS6/14 following the publication of Policy Statement 2/20: Pillar 2 Capital: Updating the Framework. SS6/14 has been updated to clarify the usability of buffers and the considerations taken into account in the PRA’s assessment of the use of buffers. This is detailed in paragraphs 3.1 and 3.3 of SS6/14. The policy became effective on 23 January 2020