PRA publish Consultation Paper (CP) 22/18

October 12th 2018 

On October 12th 2018, the PRA published a consultation paper (CP22/18) proposing to to delay terminating the existing ‘daily flows’ and ‘enhanced mismatch’ liquidity reports (FSA047 and FSA048) for a limited period. The purpose of the proposed change is to mitigate risks to the supervision of liquidity in the initial period following the introduction of the new PRA110 report (‘the PRA110’) on Monday 1 July 2019.

This CP is relevant to banks, building societies, and PRA-designated investment firms.

The following changes are proposed to PRA reporting requirements to:

  • Delay terminating the FSA047 and FSA048 for six months (ie to Wednesday 1 January 2020); and
  • Reduce the reporting frequency of the FSA047 and FSA048 reports to align with the PRA110 report in cases where it would otherwise differ from Monday 1 July 2019.

The PRA does not propose changing the implementation date of the PRA110.

These proposals would be delivered by amendments to the Reporting Part of the PRA Rulebook (Appendices 1 and 2) and an update to Supervisory Statement (SS) 34/15 ‘Guidelines for completing regulatory reports’ (Appendix 3).

Further information can be found on the CP22/18 website.

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