On 15 May 2014, the Prudential Regulation Authority (“PRA”) published a revised schedule and information for UK banks on the calculation of the capital planning buffer (“CPB”) offset and applications for capital relief. The PRA will only take net new lending to private non-financial corporates from 30 June 2012  to 30 January 2015 for any claims for capital relief. The CPB offset is a temporary adjustment to the PRA’s capital regime and is intended to ensure that the PRA’s capital framework does not unduly impact the HM Treasury and Bank of England macro-prudential policy.

The PRA’s revised schedule is available at:

http://www.bankofengland.co.uk/pra/Documents/supervision/cpboffset/cpboffset1 50514.pdf.