There has been published on the legislation.gov.uk website, The Bank of England Act 1998 (Macro-prudential Measures) Order 2016. The Order confers on the Financial Policy Committee (FPC), the UK’s macro-prudential authority, powers to direct the PRA and FCA to take action with respect to loan-to-value (LTV) ratios and interest coverage ratios (ICRs) for buy-to-let mortgages. The FPC will be able to limit the proportion of new mortgages extended at LTV ratios above or ICRs below a level specified by the FPC.
View Bank of England Act 1998 (Macro-prudential Measures) Order 2016, 16 December 2016