Date: 6 June 2019
Prior to 1 April 2013 applications to become a bank were processed by the Financial Services Authority (‘FSA’). The information provided below is for the Prudential Regulation Authority’s (‘PRA’s') financial years to end-February.
Not all applications received are concluded in the same financial year. When the PRA came into existence in 2013 there were a number of applications that had been received by the FSA prior to 1 April 2013 where a decision was reached post 1 April 2013. These decisions are incorporated in the data provided below:
|1/4/13 to 28/2/14
||1/3/14 to 28/2/15
||1/3/15 to 29/2/16
||1/3/16 to 28/2/17
||1/3/17 to 28/2/18
||1/3/18 to 28/2/19
The PRA’s Annual Report includes information on the number of banks as well as the number of other types of firms that have been authorised by the PRA during the financial year.
A previous request for this information was published 7 November 2016.