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

• Statement of Policy ‘Interpretation of EU Guidelines and Recommendations: Bank of England and PRA approach after the UK’s withdrawal from the EU’ – January 2022 (PDF)

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

Current version

Published on 18 December 2020. Effective from 11.00pm Thursday 31 December 2020.

• Statement of Policy ‘Interpretation of EU Guidelines and Recommendations: Bank of England and PRA approach after the UK’s withdrawal from the EU’ – December 2020 (pdf)

- Following PS27/20 ‘The Bank of England’s amendments under the European Union (Withdrawal) Act 2018: Changes before the end of the transition period'

Past version