On 17 December 2019, the PRA published Policy Statement 26/19: Pillar 2 liquidity: PRA110 reporting frequency threshold (PS26/19). PS26/19 is relevant to PRA-authorised UK banks, building societies and PRA designated UK investment firms with total assets of £5 billion or above, calculated in accordance with Council Directive 86/635/EEC.
In PS26/19 the PRA sets out:
- amendments to its rules to introduce a new threshold of total assets of £5 billion or above for PRA 110 reporting frequency; and
- an updated version of Supervisory Statement 24/15 which is aligned with the new PRA 110 reporting frequency threshold.
The implementation date of PS26/19 is 1 May 2020.