PRA fees and levies: Holding company regulatory transaction fees

Consultation Paper 21/20
Published on 02 December 2020


This Consultation Paper (CP) sets out the Prudential Regulation Authority’s (PRA) proposed rules in respect of regulatory transaction fees for applications for approval or exemption as a holding company.

The proposals in this CP would result in changes to the Fees Part of the PRA Rulebook (Appendix 1).

The CP is relevant to PRA-authorised banks, PRA-designated investment firms, and their parent undertakings, which for this purpose comprise financial holding companies (FHC) and mixed financial holding companies (MFHC), as well as those intermediate holding companies that sit at the top of a sub-consolidation group. It is not relevant to credit unions or insurers.

Capital Requirements Directive V (CRD V) introduces new requirements for certain types of parent FHCs or MFHCs that substantively control their group, to be subject to supervisory approval and consolidated supervision.

The Financial Holding Companies (Approval etc.) and Capital Requirements (Capital Buffers and Macro-prudential Measures) (Amendment) (EU Exit) Regulations 2020 extends powers to the PRA to supervise, monitor, exercise discretions, impose additional requirements, and enforce breaches of obligations in respect of approved FHCs and MFHCs. 


The proposed implementation date for the proposal in this CP is Monday 1 March 2021.

Responses and next steps

This consultation closes on Friday 8 January 2021. The PRA invites feedback on the proposals set out in this consultation. Please address any comments or enquiries to

Consultation Paper 21/20

Consultation end date: 8 January 2021

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