This Discussion Paper (DP) sets out the Prudential Regulation Authority’s (PRA) plans for the next iteration of the PRA Rulebook website, as well as possible future changes on a longer timeframe. The updates will improve the PRA’s flexibility to present in a comprehensive manner the increased volume of policy that the PRA expects from its new rule-making responsibilities. This DP, which focuses only on the website platform and not on the policy content, is part of the wider PRA review of its policy-making approach, on which more information will follow at a later date.
The updates that the PRA expects to make in the next iteration of the Rulebook (by Q4 2023) include:
- expanded scope to include Supervisory Statements (SS) and Statements of Policy (SoP);
- exportable content in a machine-readable format;
- improved accessibility for users of assistive technology;
- easier to use ‘time-travel’ and navigation; and
- better online help.
This DP also sets out a number of possible changes for subsequent iterations.
The changes will incur significant resource cost for the PRA, so it is important for the work to focus on the improvements that will give the most benefit to users. As such, the PRA welcomes feedback from all users of the Rulebook.
Responses and next steps
This DP closes on Monday 28 February 2022. The period for responses has been set at two months to allow the PRA time to consider the feedback before it commences building the new system. The PRA would appreciate early responses. The PRA invites feedback on its proposed enhancements, and in particular any areas where users feel those may cause difficulties. If possible, please use the response form included in the appendix. Please address any comments or enquiries to DP3_21@bankofengland.co.uk.
The PRA will take responses into consideration as it moves through the next stages of the project, and intends to provide feedback in due course.