Proposed Changes to PRA Rules – CP2/17

February 16, 2017

The Prudential Regulation Authority (PRA) has published an Occasional Consultation Paper (OCP) which sets out proposed changes to PRA rules and existing supervisory statements (SS).

Some of the Rulebook Parts and SSs they propose to change include:

  • SS17/13 ‘Credit Risk Mitigation’ relating to all firms to which CRD IV applies
  • Large Non-Solvency II Firms – Fitness and propriety
  • Residual reporting requirements for ring-fenced bodies: Draft reporting templates RFB001 to RFB008 and draft reporting instructions for RFB001 to RFB008
  • SS9/13 ‘Securitisation’