Regulatory transactions: Changes to notification and application forms

Consultation Paper 21/18
Published on 01 October 2018

Overview

In this consultation paper (CP), the Prudential Regulation Authority (PRA) sets out its proposals for changes to various PRA forms relating to applications or notifications for regulatory transactions. The CP is relevant to all PRA-authorised firms as well as firms that have a qualifying holding, or which intend to acquire a qualifying holding in a PRA-authorised firm.

Summary of proposals

The proposals would make amendments to the following Parts of the PRA Rulebook (see Appendix 1):

  • Passporting;
  • Change in Control;
  • Insurance Special Purpose Vehicles (ISPVs); and
  • Notifications.

The PRA is proposing to make changes to notification and application forms in the Parts of the PRA Rulebook listed above. The reasons for the proposed changes are explained in Chapter 1. The proposals have been combined into a single consultation to avoid the PRA publishing multiple separate consultations on the same forms and to help ensure PRA resources are used efficiently.

Implementation

The proposals would be expected to have effect immediately after the publication of final policy.

Responses and next steps

This consultation closes on Thursday 1 November 2018. The PRA invites feedback on the proposals set out in this consultation. Please address any comments or enquiries to CP21_18@bankofengland.co.uk

The CP including appendices runs to 227 pages. To be helpful to readers we attach a complete and split version below.

PDFConsultation Paper 21/18 complete version (5MB)

PDFConsultation Paper 21/18 split version 

Appendices

  1. Draft instrument PRA RULEBOOK: CRR FIRMS, NON CRR FIRMS, SOLVENCY II FIRMS, NON SOLVENCY II FIRMS: CONSEQUENTIAL AMENDMENTS INSTRUMENT 2018 – included in split version above
  2. Forms

PDFDownload PDF (6.2MB)

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