Top news and publications
- PS1/22 – Insurance business transfers
- PRA CP1/22 | FCA CP22/1 – Financial Services Compensation Scheme – Management Expenses Levy Limit 2022/23
Cross cutting publications and updates
PRA CP1/22 | FCA CP22/1 – Financial Services Compensation Scheme – Management Expenses Levy Limit 2022/23
12 January 2022
In this Consultation Paper (CP), the PRA and the Financial Conduct Authority (FCA) set out proposals for the Management Expenses Levy Limit (MELL) for the Financial Services Compensation Scheme (FSCS) for 2022/23. This CP is supported by the FSCS’s publication of its Budget Update for 2022/23.
This CP is relevant to all PRA and FCA authorised firms, but contains no material of direct relevance to retail financial services consumers or consumer groups upon which they might need to act.
Responses to the FCA’s discussion paper are due by Friday 4 March 2022 and should be sent to the FCA using the online form or via email.
Further information
Banking publications and updates
Letter from David Bailey and Melanie Beaman ‘UK Deposit Takers Supervision: 2022 priorities’
12 January 2022
The PRA wrote a letter to Chief Executive Officers of PRA-regulated UK deposit takers to update on the 2022 priorities.
Letter from Nathanael Benjamin and Rebecca Jackson ‘International banks active in the UK: 2022 priorities’
12 January 2022
The PRA wrote a letter to Chief Executive Officers of PRA-regulated international banks active in the UK to update on the 2022 priorities.
Insurance publications and updates
Insurance Stress Test 2022 – Request for technical input
20 January 2022
The PRA will be conducting an insurance stress test for the largest regulated life and general insurers from May 2022.
The PRA is seeking feedback on any aspects of the stress test from firms and other industry participants by Thursday 14 March 2022. Please send any comments to IST.2022@bankofengland.co.uk. If you are a firm, please include your firm’s name and FRN in the subject of the email.
For more information please see the Insurance Stress Test 2022 – Request for technical input web page.
PS1/22 – Insurance business transfers
12 January 2022
This PRA Policy Statement (PS) provides feedback to responses to CP16/21 ‘Insurance Business Transfers’. It also contains the PRA’s updated Statement of Policy ‘The PRA’s approach to insurance business transfers’.
This PS is relevant to PRA-authorised insurers, including the Society of Lloyd’s and its managing agents. It is also relevant to mutuals and friendly societies.
Letter from Anna Sweeney and Charlotte Gerken ‘Insurance Supervision: 2022 priorities’
12 January 2022
The PRA wrote a letter to Chief Executive Officers of PRA-regulated insurance firms to update on the 2022 priorities.
Your input and views on open PRA consultations and other requests closing in February 2022
Closing date: 14 February 2022
Closing date: 28 February 2022
More information
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