ARTICLE
20 April 2015

Prudential Regulation Authority Publishes Further Parts Of The PRA Rulebook

SS
Shearman & Sterling LLP

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On April 2, 2015, the Prudential Regulation Authority published further Rules and Supervisory Statements and Policy Statements that will form part of the PRA Rulebook.
United Kingdom Finance and Banking
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On April 2, 2015, the Prudential Regulation Authority published further Rules and Supervisory Statements and Policy Statements that will form part of the PRA Rulebook. The new Rulebook parts include verification of standing data rules and internal governance rules. The new Supervisory Statements cover internal governance, exercising certain functions under the Building Societies Act 1986 and supervising building societies' treasury and lending activities. Also published is a new Policy Statement on the PRA's approach to insurance business transfers. The PRA is creating a stand-alone PRA Rulebook and intends to launch the new Rulebook website online in summer 2015. The current PRA Handbook sits alongside the Financial Conduct Authority's Handbook, inherited from the Financial Services Authority.

The PRA Rulebook is available at: http://fshandbook.info/FS/html/PRA/D226 and the additional parts to the PRA Rulebook are available at: http://www.bankofengland.co.uk/pra/Pages/publications/ps/2015/ps715.aspx.

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