Published on 03 October 2017


This Occasional Consultation Paper (OCP) sets out proposed changes to Prudential Regulation Authority (PRA) Rulebook Parts and supervisory statements (SS). Chapter 7 also contains joint PRA and Financial Conduct Authority (FCA) proposals.

This consultation is relevant to all PRA-authorised firms. Chapter 7 is also relevant to FCA-regulated Markets in Financial Instruments Directive (MiFID) firms. The chapters contained in this OCP, the Rulebook Parts, SSs they propose to change, and the appendices where the draft policy is set out, are listed in the table below.


Chapter Rulebook Part/Supervisory statement Appendix
1. Overview Administration instrument - minor amendments to multiple Rulebook Parts 15
2. Conditions governing business – minor amendment Conditions Governing Business 1
3. Market risk – Capital Requirements Directive (CRD) IV amendment Internal Capital Adequacy Assessment (ICAA) 2
4. Transitional measures - references Transitional Measures 3
5. Application requirements – Capital Requirements Regulation (CRR) and CRD amendments Amendments to multiple Rulebook Parts 4
6. Whistleblowing – UK branches of non-EEA deposit-takers General Organisational Requirements 5
7. Joint PRA and FCA form, PRA Rulebook, and FCA Handbook changes - Markets in Financial Instruments Directive II (MiFID II), Insurance Distribution Directive (IDD), and Benchmarking Regulation (BMR) amendments Amendments to multiple Rulebook Parts and forms and the FCA Handbook 6-12
8. Short Form A - consequential amendments Amendments to Short Form A 9
9. Application of EBA’s Guidelines on corrections to modified duration for debt instruments SS13/13 ‘Market risk’ 13
10. Naming convention for life insurers when reporting data by homogeneous risk group SS36/15 ‘Solvency II: life insurance product reporting codes’ 14

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.

Responses and next steps

The consultation closed on:

  • Tuesday 17 October 2017 for the administration instrument (Appendix 15);
  • Friday 3 November 2017 for Chapters 7 and 8;
  • Tuesday 9 January 2018 for Chapters 2 – 6, 9 and 10.

Please address any comments or enquiries to For Chapter 7 comments or enquiries can also be sent to the FCA at

PDFConsultation Paper 18/17


Other prudential regulation releases

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