UK Prudential Regulator Publishes Information Pack On Ring-Fencing Reporting Requirements

On October 31, 2018, the U.K. PRA published an information document entitled "Ring-fencing: Summary of regulatory reporting requirements." The document summarizes the regulatory reporting and reporting system requirements for ring-fencing that will apply to U.K. banking groups within the scope of the U.K.'s structural reform requirements coming into force on January 1, 2019. The information document is designed to assist firms that must submit ring-fencing regulatory returns.

The PRA states that the information document is not intended to supersede the PRA Rulebook, the regulatory reporting and the structural reform sections of the BoE's website and relevant and applicable published PRA policy. Affected firms should also continue to refer to these sources to determine their regulatory obligations.