Interpretation of EU Guidelines and Recommendations: Bank of England and PRA approach after the UK’s withdrawal from the EU

This is a Statement of Policy to deliver the general approach being taken to ensure there is a functioning legal framework when the UK leaves the EU.

First published on 18 April 2019 

Overview

This joint Bank of England (Bank) and Prudential Regulation Authority (PRA) Statement of Policy (SoP) sets out the Bank’s and PRA’s approach to EU Guidelines and Recommendations in light of the UK’s withdrawal from the European Union (EU).

This SoP is relevant to all PRA-regulated firms, and all Bank-regulated financial market infrastructure providers (FMIs) operating, or intending to operate, in the UK. 

Future version

Near-final future version published July 2021. If confirmed final, this SoP would be effective from Saturday 1 January 2022.

Published as near-final as part of PS17/21 ‘Implementation of Basel standards’.

Past version

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