On 12 April 2021, the PRA published on its website a holding company approvals page.
Part 12B of the Financial Services and Markets Act 2000 requires certain parent financial holding companies and parent mixed financial holding companies established in the UK to apply to the PRA for approval or exemption from the new requirement to be approved.
The webpage covers:
- Submitting an approval or exemption application.
- How the PRA assesses and determines an application.
- Application timings.