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PIB 3.9A.9

(1) This Rule specifies when a CCyB Rate takes effect for the purposes of calculating a CCyB Buffer under this section.
(2) A CCyB Rate for a jurisdiction takes effect from whichever is the later of:
(a) 12 months after the CCyB Authority announces the rate or the DFSA notifies the rate under PIB Rule 3.9A.8 (as the case may be); or
(b) 1 July 2018.
(3) In exceptional circumstances, the DFSA may specify that a CCyB Rate is to take effect from a date earlier or later than that specified in (2).
Derived from DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]