On 19 June 2014, the PRA published a Policy Statement, including final rules and feedback, relating to the introduction of the PRA Fundamental Rules (which replace the Principles of Business in the PRA Handbook), information gathering, auditors, the financial stability power (see above) and skilled persons reports (see above).
The final rules came into effect on 19 June 2014. The Policy Statement is available at: http://www.bankofengland.co.uk/pra/Documents/publications/ps/2014/ps514.pdf.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
