On 16 October 2025, the Prudential Regulation Authority (PRA) issued a consultation on low impact amendments to its rules and policy material.
Specifically, the PRA’s proposals include:
- Conditional disapplication of the PRA General Provisions to give effect to the deference arrangements under the UK Swiss-Berne Financial Services Agreement.
- Amendment to the Transitional Measure on Technical Provisions Part of the PRA Rulebook, TMTP Calculation, Rule 5.2.
- Amendment to the Insurance Special Purpose Vehicle Part of the PRA Rulebook, Solvency Requirements, Rule 2.2A(3)
- Miscellaneous amendments to the PRA Rulebook, in particular making what it considers to be low impact consequential changes to ensure accuracy of specific provisions in the glossary, fundamental rules, general provisions, interpretation, notifications, and policy holder protection parts of the rulebook.
The deadline for comments on each of these consultations is 13 November 2025.