General
Occasional consultation paper: PRA CP25/19
The Prudential Regulation Authority (PRA) has published an
occasional consultation paper, CP25/19, proposing minor amendments to its
Rulebook, supervisory statements, statements of policy (SoPs) and
relevant templates. The consultation covers a number of areas and
is, therefore, relevant to all PRA-regulated firms.
The proposals relate to:
- removing references to the London
Interbank Offered Rate (LIBOR);
- updating references and corrections
within the senior managers and certification regime (SMCR);
- reporting updates for Capital+ and
ring-fenced bodies; and
- retirement interest-only
mortgages.
The consultation period for the reporting updates in chapter 4
of the consultation paper closes on 18 November 2019. This would
allow the PRA to make the proposed changes to the templates and
allow firms time to implement them before they take effect on 1
March 2020 and 1 June 2020. The consultation period
