On 5 December 2025, the Prudential Regulation Authority (PRA) published a Policy Statement (PS26/25) in relation to discontinuing Supervisory Statement (SS) 20/15: Supervising building societies’ treasury and lending activities.

Overview

PS26/25 provides feedback to responses received in relation to Consultation Paper 11/25 and sets out the PRA’s final policy, which is to delete SS20/15 in relation to supervising building societies’ treasury and lending activities in its entirety and without replacement.

In addition, PS26/25 makes consequential amendments to SS31/15 – The Internal Capital Adequacy Assessment Process and the Supervisory Review and Evaluation Process arising from the deletion of SS20/15.

Next steps

The PRA explains in PS26/25 that it has decided to bring forward the implementation date, such that the withdrawal of SS20/15 will take effect on publication.