Published on 17 January 2019
Regulatory transactions: changes to notification and application forms - PS2/19
Overview
This Prudential Regulation Authority (PRA) Policy Statement (PS) provides the final rules and forms to Consultation Paper (CP) 21/18 ‘Regulatory transactions: Changes to notification and application forms’ (see page 2 of 2).
This PS is relevant to all PRA-authorised firms as well as firms that have a qualifying holding, or that intend to acquire a qualifying holding in a PRA-authorised firm.
The PRA received no responses to the CP and has decided to make the changes to the rules and forms as consulted. The PRA has also made minor typographical and drafting changes, detailed in the PS.
The appendices to this PS contain:
- the final rules amending the Insurance Special Purpose Vehicles Part, the Passporting Part, the Change in Control Part and the Notifications Part of the PRA Rulebook (Appendix 1); and
- final forms (Appendix 2).
Implementation and next steps
The final rules and accompanying forms will take effect from Saturday 19 January 2019.
Appendices
Appendix 1
- PRA RULEBOOK: CRR FIRMS, NON CRR FIRMS, SOLVENCY II FIRMS, NON SOLVENCY II FIRMS: FORMS AMENDMENT INSTRUMENT 2019 - PS2/19 Appendix 1 (pdf)
- Appendix 2: Forms directory
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Form name Available at: Branch notification Form Cross Border Services Notification Form Passporting Declaration Change in Control Notification Form used by a limited company or limited liability partnership Controllers Form to be used by a partnership Controllers Form to be used by an individual (other than in that individual’s capacity as a trustee, settler or beneficiary of a trust) Controllers Form to be used by a person in their capacity as a trustee, settler or beneficiary of a trust Controllers Form to be used by a person in their capacity as an investment manager Multi-arrangement special purpose vehicle (MISPV) new risk assumption notification Form Group of cells notification Form Standing Data Form
Published on 1 October 2018
Regulatory transactions: changes to notification and application forms - CP21/18
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 closed 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.
Consultation Paper 21/18 complete version (5MB)
Consultation Paper 21/18 split version
Appendices
- 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
- Forms