This Occasional Consultation Paper (OCP) sets out proposed changes to the following Prudential Regulation Authority (PRA) Rulebook Parts and supervisory statements (SS):
- SS24/15 - The PRA’s approach to supervising liquidity and funding risks (Chapter 2);
- Internal Liquidity Adequacy Assessment (ILAA) Part (Chapter 3);
- Regulatory Reporting Part and SS34/15 - Guidelines for completing regulatory reports (Chapter 4);
- Conditions Governing Business Part (Chapter 5); and
- Capital Buffers Part and Leverage Ratio Part (Chapter 6).
This OCP also consults on an administration instrument. An administration instrument is used to make minor corrections to PRA Rulebook provisions. The corrections are not substantive and are not intended to change PRA policy. The corrections will result in rule amendments.
This consultation is relevant to all PRA-authorised firms.
Responses and next steps
This consultation for Chapters 2 – 6 closed on Friday 21 October 2016, and for the administration instrument on Friday 5 August 2016.
The policy contained in this CP has been designed in the context of the current UK and EU regulatory framework. The PRA will keep the policy under review to assess whether any changes would be required due to changes in the UK regulatory framework, including changes arising once any new arrangements with the European Union take effect.