Responses to CP2/17 ‘Occasional Consultation Paper’

Policy Statement 19/17

Published on 20 July 2017

Overview

This Prudential Regulation Authority (PRA) policy statement (PS) provides feedback to responses to Consultation Paper (CP) 2/17 ‘Occasional Consultation Paper’ (the CP). It also includes the final rules and updated Supervisory Statement (SS) 34/15 ‘Guidelines for completing regulatory reports’ and SS9/13 ‘Securitisation’.

This PS is relevant to all PRA-authorised firms.

The appendices to this PS provide links to the final rules amending Parts of the PRA Rulebook, final SSs and templates and instructions, as set out in the table below:

Appendix	CP2/17 Chapter	Rulebook Part / SS
1	Chapter 3 Regulatory references – minor amendments	Fitness and Propriety Insurance – Fitness and Propriety Large Non-Solvency II Firms – Fitness and Propriety
2	Chapter 4 Non-Solvency II firms – external audit reporting and supplementary notes	Insurance Company – Reporting
3	Chapter 5 Remuneration – committees and deferral periods	Remuneration
4	Chapter 6 Ring-fencing – residual reporting requirements for ring-fenced bodies	Regulatory Reporting
5		Reporting templates RFB001 -RFB008 Reporting instructions for RFB001-RFB008
6		SS34/15 UPDATE ‘Guidelines for completing regulatory reports’
7	Chapter 7 Securitisations – implicit support and external credit assessment institution (ECAI) mapping	SS9/13 UPDATE ‘Securitisation’

Feedback to responses

The PRA received three responses for Chapters 2, 5 and 6 of the CP. Feedback to responses and details of minor adjustments to the final rules are set out in Chapter 2 of the PS.

The PRA is considering the response received to Chapter 2 ‘Credit risk mitigation – secured guarantees’ and will provide feedback in a separate PRA publication.

Policy Statement 19/17