First published 25 March 2013
This Prudential Regulation Authority (PRA) statement of policy publishes the final statement of policy on the PRA’s approach to the designation of investment firms for prudential supervision by the PRA including:
- the legislative context for designation decisions under the Financial Services and Markets Act 2000 (PRA-regulated Activities) Order 2013;
- the factors to which the PRA will have regard when deciding whether to designate an investment firm;
- the procedural arrangements for making these decisions; and
- how the PRA will communicate designation decisions to firms.