12 April 2021: We have set up the Holding company approvals page. This is aimed towards certain parent financial holding companies and parent mixed financial holding companies established in the UK, that are required by FSMA to apply to us, for approval or exemption from the new requirement, to be approved.
8 April 2021: We published CP8/21 ‘Regulated fees and levies: Rates proposals 2021/22’. This CP is relevant to all firms that currently pay PRA fees or are expecting to do so within the 2021/22 fee year. The consultation closes on Thursday 20 May 2021.
30 March 2021: As part of our work to transform data collection, GABRIEL will be unavailable from 6pm on Thursday 1 April 2021 until 8am on Tuesday 6 April 2021.
29 March 2021: Jointly with the Bank and FCA we published PS6/21 ‘Operational resilience: Impact tolerances for important business services’, including a new SS and SoP. This PS is relevant to UK banks, building societies, and PRA-designated investment firms as well as UK Solvency II firms, the Society of Lloyd’s and its managing agents. SS1/21 and the Operational Resilience Parts will be effective from Thursday 31 March 2022.
We also published PS7/21 ‘Outsourcing and third party risk management’ including SS2/21 which will be effective from Thursday 31 March 2022.
26 March 2021: We published PS5/21 ‘Financial Service Compensation Scheme – Management Expenses Levy Limit 2021/22’. This PS is relevant to all PRA-authorised firms, but contains no material of direct relevance to retail financial services consumers or consumer groups upon which they might need to act. The FSCS MELL applies for the financial year ending Thursday 31 March 2022.
24 March 2021: We published PS4/21 ‘Depositor protection: Identity verification’. This PS is relevant to the Financial Services Compensation Scheme (FSCS), all PRA-authorised deposit takers, and insolvency practitioners (IPs). The changes outlined in this PS will take effect on Monday 29 March 2021.
17 March 2021: We published PS3/21 ‘PRA fees and levies: Holding company regulatory transaction fees’. This PS is relevant to PRA-authorised banks, PRA-designated investment firms, and their parent undertakings. The new rule will come into force from Friday 19 March 2021.
16 March 2021: We published ‘Brave new world’ a speech by Sam Woods given at the Association of British Insurers.
11 March 2021: As part of our work to transform data collection, GABRIEL will be unavailable from 6pm on Friday 12 March 2021 until 8am on Monday 15 March 2021.
9 March 2021: Jointly with the FCA, we published CP6/21 ‘Margin requirements for non-centrally cleared derivatives: Amendments to BTS 2016/2251’. This CP is relevant to PRA-authorised firms that are financial counterparties for the purposes of Article 2 of EMIR. This consultation closes on Wednesday 19 May.