SoP1/24 – The Prudential Regulation Authority’s allocation of decision making and approach to supervisory decisions

This Prudential Regulation Authority (PRA) statement of policy publishes the final policy on the PRA’s allocation of decision-making and its approach to supervisory decisions. It sets out: 

• the PRA’s allocation of decision-making regarding statutory notices (Warning Notices, Decision Notices, and Supervisory Notices);
• the PRA’s approach to decision-making on statutory notices in relation to supervisory decisions under the Financial Services and Markets Act 2000; and
• the PRA’s approach to publication of decisions in supervisory cases. 

Separate statements of policy are published in relation to enforcement cases.

Current version

Published on 30 January 2024. Effective from 30 January 2024.

• SoP1/24 – The Prudential Regulation Authority’s allocation of decision making and approach to supervisory decisions – January 2024 (pdf)

- following PS1/24 – The Bank of England’s approach to enforcement