Senior Management Function applications, refusals and withdrawals 1 March 2016 to 31 March 2021

Freedom of Information rules mean that, as a public authority, the Bank of England is obliged to disclose certain types of information, both proactively and on request.

Date: 29 April 2021

Disclosure: The table below provides the number of Senior Management Function (‘SMF’) applications which were processed from 1 March 2016 to 31 March 2021 by the Prudential Regulation Authority (‘PRA’) which is part of the Bank of England (the ‘Bank’).

Year Breakdown of applications received per year
1 March to 31 December 2016 1159
1 January to 31 December 2017 1067
1 January to 31 December 2018 1380
1 January to 31 December 2019 1318
1 January to 31 December 2020 1089
1 January to 31 March 2021 310
Total 6323

Although PRA has the power to refuse applications, it has never been put in a position where it has had to do so. Therefore no SMF applications have been refused during the period 1 March 2016 to 31 March 2021.

The tables below provide information on both the total number of withdrawals and the number of withdrawals by function, during the period 1 March 2016 to 31 March 2021.

Year Breakdown of applications withdrawn per year
1 March to 31 December 2016 104
1 January to 31 December 2017 77
1 January to 31 December 2018 120
1 January to 31 December 2019 103
1 January to 31 December 2020 67
1 January to 31 March 2021 Less than 10
30
SMF Function Total number of applications withdrawn between 1 March 2016 and 31 March 2021
SMF1 30
SMF2 32
SMF4 65
SMF5 32
SMF6 30
SMF7 53
SMF8 39
SMF9 42
SMF10 28
SMF11 18
SMF12 Less than 10
SMF14 23
SMF19 13
SMF20a, SMF23 and SMF23a Less than 10
SMF24 69
SMF25 Less than 10

Note 1 – Please note these figures only include applications and withdrawn applications for PRA led functions.

Note 2 – Senior Insurance Management Functions (converted to SMFs on 10 Dec 2018) and SMF functions have been combined to provide you with the total number of withdrawn applications for that controlled function.

Note 3 – Where a single applicant has applied for multiple functions in one application, withdrawals of these applications have been identified in the above SMF breakdown separately.

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