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ARTICLE · 16 OCTOBER 2018

UK Prudential Regulator Consults On Changes To Forms For Regulatory Transactions

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On October 1, 2018, the U.K. Prudential Regulation Authority launched a consultation entitled "Regulatory transactions: Changes to notification and application forms."

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On October 1, 2018, the U.K. Prudential Regulation Authority launched a consultation entitled "Regulatory transactions: Changes to notification and application forms." The proposals in the consultation are for the amendment of various PRA forms that are used for applications and notifications for regulatory transactions. The PRA has chosen to combine the proposals into one substantial consultation paper to avoid having to issue multiple separate consultations on the same forms. The affected forms are located in the Passporting, Change in Control, Insurance Special Purpose Vehicles (ISPVs) and Notifications Parts of the PRA Rulebook.

The consultation proposals are relevant for PRA-authorized firms and any firms that have, or intend to acquire, a qualifying holding in a PRA-authorized firm.

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