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Home > Prudential Regulation Authority > Pillar 2: Update to reporting data items and instructions – CP45/15
 

Pillar 2: Update to reporting data items and instructions – CP45/15

21 December 2015

​In this consultation paper (CP), the Prudential Regulation Authority (PRA) sets out proposed changes to data items FSA071 to FSA082 (‘Pillar 2 data items’) and to the Pillar 2 reporting instructions. This consultation is relevant to banks, building societies and PRA-designated firms (‘firms’).

Background

The Pillar 2 data items and reporting instructions were first published in July 2015, in Policy Statement (PS) 17/15, as part of the Reporting Pillar 2 Part of the PRA Rulebook and Supervisory Statement (SS) 32/15.

Summary of proposals

The proposals are set out in Chapter 2 and relate to Pillar 2 data items and reporting instructions. The PRA assesses that the proposals in this CP are relatively minor. They are intended to provide further clarity to aid the completion of the Pillar 2 data items and to facilitate their collection.

Responses and next steps

This consultation closed on Monday 18 January 2016. The PRA plans to publish a policy statement with finalised rules and an updated version of SS32/15 in January 2016.

The changes would apply from February 2016. From 1 January 2016 until this date, firms are required by Reporting Pillar 2 Part to report their data using the Pillar 2 data items at the same time as they submit their ICAAP assessment to the PRA. Firms may wish to start considering a process for using updated Pillar 2 data items in light of the changes being proposed by the PRA in this CP.

The PRA invites feedback on the proposals set out in this consultation. Please address any comments or enquiries to CP45_15@bankofengland.co.uk.

Consultation paper

Pillar 2: Update to reporting data items and instructions – CP45/15

Pillar 2: Update to reporting data items and instructions – CP45/15 - related documents

Final policy in relation to this consultation is available under related links.

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