Amendments to the Pre-Issuance Notification regime

Overview

This Prudential Regulation Authority (PRA) policy statement (PS) provides feedback to responses to CP29/15 on amendments to the Pre-Issuance Notification (PIN) regime applicable to Capital Requirements Regulations (CRR) firms (these include banks, building societies and PRA UK designated investment firms) and insurers (these include Solvency II Firms and Non-Directive firms). 

The rules will apply from 1 March 2016.

The appendices to this PS contain the PIN forms for CRR firms and insurers, the CET1 Compliance Template for CRR firms and the final rules with links, outlined below:

• PRA Rulebook: CRR Firms: Definition of Capital Amendment Instrument 2016, available below.
• PRA Rulebook: Solvency II Firms: Own Funds (Notification of issuance - amendments) instrument 2016, available below.
• PRA Rulebook: Solvency II Firms: Group Supervision (Notification of issuance - amendments) instrument 2016, available below.
• PRA Rulebook: Non Solvency II Firms: Insurance Company – Capital Resources (Notification of issuance - amendments) instrument 2016, available below.
• PIN Form for CRR Firms
• PIN Form for Insurance Firms
• CET1 Compliance Template

Policy Statement 2/16

Appendices

Appendix 1-3 are available on the ‘Capital instruments: Pre-issuance Notification’ webpage:

1. PIN Form for CRR Firms
2. PIN Form for Insurance Firms
3. CET1 Compliance Template
4. PRA 2016/2: PRA Rulebook: CRR firms: Definition of capital amendment instrument
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5. PRA 2016/3: PRA Rulebook: Non Solvency II firms: Insurance company – Capital resources (Notification of issuance - amendments) instrument 2016
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6. PRA 2016/4: PRA Rulebook: Solvency II firms: Group supervision (Notification of issuance - amendments) instrument 2016
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7. PRA 2016/8: PRA Rulebook: Solvency II firms: Own funds (Notification of issuance - amendments) instrument
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