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Home > Prudential Regulation Authority > Supporting materials - ring-fencing
 

Supporting materials - ring-fencing

​This page hosts information and supporting materials for firms required by the Financial Services and Markets Act 2000 to ring-fence their core activities. These may be useful to firms in their preparation for the introduction of ring-fencing on 1 January 2019. For the latest updates, background, information on implementation and policy development see the dedicated ‘Structural reform’ webpage under Related Links.

Date issued​ Item​​ Final Policy​​ ​Notes
​01.02.17 Ring-fenced bodies (RFBs) - SS8/16 UPDATE The implementation of ring-fencing: reporting and residual matters - responses to CP25/16 and Chapter 5 of CP36/16 - PS3/17 ​See appendix for update details.
​01.02.17 Guidelines for completing regulatory reports - SS34/15 UPDATE The implementation of ring-fencing: reporting and residual matters - responses to CP25/16 and Chapter 5 of CP36/16 - PS3/17 Includes links to RFB001-008 templates and instructions (Appendix 9), also available on the CRD firms - Reporting Requirements webpage.
See Appendix 10 for update details.

 
 
 
 
​01.02.17 ​RFB001-008 templates and instructions The implementation of ring-fencing: reporting and residual matters - responses to CP25/16 and Chapter 5 of CP36/16 - PS3/17 Linked to from SS34/15 (Appendix 9) and available on the CRD firms - Reporting Requirements webpage.
​01.02.17 The Internal Capital Adequacy Assessment Process (ICAAP) and the Supervisory Review and Evaluation Process (SREP) - SS31/15 UPDATE The implementation of ring-fencing: reporting and residual matters - responses to CP25/16 and Chapter 5 of CP36/16 - PS3/17 See appendix for update details.
​01.02.17 ​Pillar 2 reporting, including instructions for completing data items FSA071 to FSA082 - SS32/15 UPDATE The implementation of ring-fencing: reporting and residual matters - responses to CP25/16 and Chapter 5 of CP36/16 - PS3/17

Includes links to updated FSA071 reporting template and instructions (Appendix 3) and ‘Guidance on terms used in FSA071-FSA082’, also available on the CRD firms - Reporting Requirements webpage.
See Appendix 4 for update details.

​01.02.17 ​FSA071 Firm information and Pillar 2A summary template The implementation of ring-fencing: reporting and residual matters - responses to CP25/16 and Chapter 5 of CP36/16 - PS3/17 Linked to in SS32/15 (Appendix 3). Also available on the CRD firms - Reporting Requirements webpage.
​01.02.17 FSA071 Firm information and Pillar 2A summary instructions The implementation of ring-fencing: reporting and residual matters - responses to CP25/16 and Chapter 5 of CP36/16 - PS3/17 ​Linked to in SS32/15 (Appendix 3). Also available on the CRD firms - Reporting Requirements webpage.
​01.02.17 Guidance on terms used in data items FSA071 to FSA082 The implementation of ring-fencing: reporting and residual matters - responses to CP25/16 and Chapter 5 of CP36/16 - PS3/17 Also available on the CRD firms - Reporting Requirements webpage.
​01.02.17 ​Statement of Policy - The PRA's methodologies for setting Pillar 2 capital UPDATE The implementation of ring-fencing: reporting and residual matters - responses to CP25/16 and Chapter 5 of CP36/16 - PS3/17 ​See appendix for update details.
​07.07.16 Ring-fenced bodies (RFBs) - SS8/16 The implementation of ring-fencing: prudential requirements, intragroup arrangements and use of financial market infrastructures - PS20/16 ​Updated 01.02.17 (see above)
​07.07.16 Groups - SS15/13 UPDATE The implementation of ring-fencing: prudential requirements, intragroup arrangements and use of financial market infrastructures - PS20/16 ​Paragraph 1.3 was updated to take into account SS8/16 and paragraph 2.2A has been added to set out expectations of the PRA's approach to applications by an RFB, or by any other person that is a member of a group containing an RFB, for permission to use individual consolidation
​07.07.16 Large exposures - SS16/13 UPDATE The implementation of ring-fencing: prudential requirements, intragroup arrangements and use of financial market infrastructures - PS20/16 ​Paragraph 1.3 was updated to take into account SS8/16, paragraph 2.4 has been updated to take into account the PRA's objectives with respect to RFBs, and paragraph 3.10 was added to set out expectations for an RFB, or any other PRA-authorised person that is a member of a group containing an RFB, wishing to apply for permission to apply a 0% risk-weight to certain exposures under CRR Article 113(6)
​07.07.06 ​Statement of Policy - The PRA's methodologies for setting Pillar 2 capital UPDATE The implementation of ring-fencing: prudential requirements, intragroup arrangements and use of financial market infrastructures - PS20/16

​Updated 01.02.17 (see above)

Paragraph 6.3 has been updated to include a footnote on the calculation of credit concentration risk for an RFB on a sub-consolidated basis

​07.07.16 FSA078 Pillar 2 Concentration risk minimum data requirements UPDATE The implementation of ring-fencing: prudential requirements, intragroup arrangements and use of financial market infrastructures - PS20/16 SS32/15 updated on 1 February 2017 as part of PS3/17.
 

 For the Pillar 2 reporting schedule, see the CRD firms - Reporting Requirements page

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