Policies relating to accounting and audit requirements for banks, building societies and investment firms.

PRA rules 

UK legislation

  • Auditors and actuaries - Financial Services and Markets Act 2000 (Part XXII)

Supervisory Statements and Statements of Policy

  • Strengthening individual accountability in banking (SS28/15)
  • Written reports by external auditors to the PRA (SS1/16)
  • The relationship between the external auditor and the supervisor: a code of practice (LSS7/13)
  • The Prudential Regulation Authority’s approach to enforcement: statutory statements of policy and procedure (Statement of Policy)

Other relevant material

Guidelines originally issued by European Supervisory Authorities should be read in conjunction with "Interpretation of EU Guidelines and Recommendations: Bank of England and PRA approach after the UK’s withdrawal from the EU" (Statement of Policy)

  • Guidelines on credit institutions’ credit risk management practices and accounting for expected credit losses (EBA/GL/2017/06)
This page was last updated 31 January 2023