Update 24 February 2020
This SS was updated following publication of Policy Statement (PS) 3/20 ‘Responses to Occasional Consultation Paper 25/19 – Chapters 2 and 3’ . This version takes effect from Monday 24 February 2020, and is available under ‘current version’ in the timeline below.
Published on 2 April 2015
Update 4 April 2016: The PRA published CP12/16 ‘Supervising building societies’ treasury and lending activities’ which includes proposals to update Supervisory Statement 20/15. The consultation closed on Monday 4 July 2016.
This supervisory statement sets out the approach and expectations of the Prudential Regulation Authority (PRA) to its supervision of building societies’ treasury and lending activities. This statement complements the requirements of the Building Societies Act 1986. This supervisory statement is aimed at all building societies.