UK PRA updates branch return form and guidance

The UK Prudential Regulation Authority (PRA) has published an updated webpage for banks, building societies and investment firms, notifying it has published an updated Branch Return Excel form and schema to align with changes introduced in PS6/25.This policy statement introduced updates to Supervisory Statement 5/21 (SS5/21) and branch reporting requirements for international firms operating in the UK. The changes are effective from 1 March and so the updated form must be used from reporting reference date 30 June. The PRA also published a common problems document, as well as an updated version of the Branch Return Q&A, which now includes additional clarifications on completing the whole firm liquidity data section of the return and addressing firms' queries on remote booking. Additionally, an updated version of the Branch Return guidance was published with changes to the paragraphs: "Memo item: Retail and smaller company deposits held in transactional accounts (row 040)" and "Memo item: Retail and smaller company deposits held in instant access accounts (row 050)".

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