Policies relating to Governance and the Senior Managers and Certification Regime (SMCR) for banks, building societies and investment firms.

PRA Rules, Waivers and Modifications by Consent


UK legislation

  • Performance of regulated activities - Financial Services and Markets Act 2000 (Part V)

Supervisory Statements and Statements of Policy

  • Strengthening individual accountability in banking (SS28/15)
  • Internal Governance (SS21/15)
  • Corporate governance: Board responsibilities (SS5/16)
  • The Prudential Regulation Authority’s approach to new and growing banks (SS3/21)
  • International banks: The PRA’s approach to branch and subsidiary supervision (SS5/21)
  • Conditions, time limits and variations (Statement of Policy)
  • The use of PRA powers to address serious failings in the culture of firms (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 internal governance (EBA/GL/2017/11)
  • Joint ESMA and EBA Guidelines on the assessment of the suitability of members of the management body (EBA/GL/2017/12)
This page was last updated 31 January 2023