On 12 October 2018, the PRA published Consultation Paper 22/18: Liquidity reporting: FSA047 and FSA048 (CP22/18). In CP22/18 the PRA sets out proposed amendments to its rules to mitigate risks to the supervision of liquidity in the initial period following the introduction of the new PRA110 report on 1 July 2019.

Specifically, the FCA proposes the following changes to its reporting requirements:

  • delay terminating the FSA047 and FSA048 for six months (to 1 January 2020); and
  • reduce the reporting frequency of the FSA and FSA048 reports to align with the PRA110 report in cases where it would otherwise differ from 1 July 2019.

The changes would be delivered through amendments to the Reporting Part of the PRA Rulebook and an update to Supervisory Statement 34/15: Guidelines for completing regulatory reports. The amendments are set out in Appendices 1 to 3 of CP22/18.

The PRA does not propose changing the implementation date of the PRA110.

The deadline for comments on CP22/18 is 12 November 2018.