UK PRA consults on low-impact amendments to PRA rules and policy material

The UK Prudential Regulation Authority (PRA) has published consultation paper LIAC02/25, proposing a series of low-impact amendments to its Rulebook and policy materials.

Key proposals include:

• The conditional disapplication of certain PRA general provisions to implement the deference arrangements under the UK-Swiss Berne Financial Services Agreement.
• A minor technical amendment to the Transitional Measure on Technical Provisions (TMTP) formula to improve consistency in reporting.
• Miscellaneous corrections across the PRA Rulebook to ensure its accuracy.

The deadline for comments is 13 November with implementation for all amendments expected in December. In addition to LIAC02/25, the PRA has published low impact amendments to its rules and policy materials that it has made without further consultation (LIAF02/25).

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