The Financial Services and Markets Act 2000 requires us to make authorisation decisions within set timeframes. We publish an annual update of our performance against the deadlines:
Update 28 March: Alongside the Bank’s News Release, we published:
- A letter from Sam Woods, Deputy Governor for Prudential Regulation and PRA CEO, on ‘Firms’ preparations for the UK’s withdrawal from the European Union: update following March 2018 European Council’
- Policy Statement 3/18 and Supervisory Statement 1/18 ‘International banks: the Prudential Regulation Authority’s approach to branch authorisation and supervision’
- Policy Statement 4/18 and Supervisory Statement 2/18 ‘International insurers: the Prudential Regulation Authority’s approach to branch authorisation and supervision’
Information on the authorisation process, including how to apply, can be found on the New firm authorisations page.