This Prudential Regulation Authority (PRA) policy statement (PS) provides feedback to responses to Consultation Paper (CP) 2/17 ‘Occasional Consultation Paper’ (the CP). It also includes the final rules and updated Supervisory Statement (SS) 34/15 ‘Guidelines for completing regulatory reports’ and SS9/13 ‘Securitisation’.
This PS is relevant to all PRA-authorised firms.
The appendices to this PS provide links to the final rules amending Parts of the PRA Rulebook, final SSs and templates and instructions, as set out in the table below:
|Appendix||CP2/17 Chapter||Rulebook Part / SS|
|1||Chapter 3 Regulatory references – minor amendments||Fitness and Propriety
Insurance – Fitness and Propriety
Large Non-Solvency II Firms – Fitness and Propriety
|2||Chapter 4 Non-Solvency II firms – external audit reporting and supplementary notes||Insurance Company – Reporting|
|3||Chapter 5 Remuneration – committees and deferral periods||Remuneration|
|4||Chapter 6 Ring-fencing – residual reporting requirements for ring-fenced bodies||Regulatory Reporting|
|5||Reporting templates RFB001 -RFB008
Reporting instructions for RFB001-RFB008
|6||SS34/15 UPDATE ‘Guidelines for completing regulatory reports’|
|7||Chapter 7 Securitisations – implicit support and external credit assessment institution (ECAI) mapping||SS9/13 UPDATE ‘Securitisation’|
Feedback to responses
The PRA received three responses for Chapters 2, 5 and 6 of the CP. Feedback to responses and details of minor adjustments to the final rules are set out in Chapter 2 of the PS.
The PRA is considering the response received to Chapter 2 ‘Credit risk mitigation – secured guarantees’ and will provide feedback in a separate PRA publication.
- PRA RULEBOOK: CRR FIRMS, NON-CRR FIRMS, SOLVENCY II FIRMS, NON-SOLVENCY II FIRMS: SENIOR MANAGERS REGIME AMENDMENT INSTRUMENT 2017 Download PDF
- PRA RULEBOOK: NON-SOLVENCY II FIRMS: INSURANCE COMPANY – REPORTING (AMENDMENT) INSTRUMENT 2017 Download PDF
- PRA RULEBOOK: CRR FIRMS: REMUNERATION INSTRUMENT 2017 Download PDF
- PRA RULEBOOK: CRR FIRMS: RING-FENCING (AMENDMENT) INSTRUMENT 2017 Download PDF