The PRA has published Policy Statement 28/15: The PRA Rulebook: Part 4 and response to Chapter 1 of CP41/15 (PS28/15).

PS28/15 contains final PRA rules following its fourth consultation on the PRA Rulebook (Consultation Paper 28/15: The PRA Rulebook: Part 4 (CP28/15)) and its earlier consultation on amendments to Rulebook Parts relevant to the Society of Lloyds (Consultation Paper 41/15: Occasional Consultation Paper (CP41/15)).

In PS28/15 the PRA reports that there have been no amendments to any of the instruments as a result of the feedback received to CP28/15. No responses were received in respect of chapter 1 of CP41/15.

The final rules arising from CP41/15 consolidate the Lloyd’s: Actuaries, Auditors and Financial Services Compensation Scheme Part and the Lloyd’s Part in the PRA Rulebook into a single Part. The final rules from CP28/15 transpose rules which are within scope of the PRA Rulebook project, into the PRA Rulebook.

The final rules are set out in Appendices 1 to 6. The rules have been made by the PRA Board and will come into force on 1 January 2016, except for part of the Handbook (Rulebook Consequentials) Instrument 2015 which will come into force on 7 March 2016.

View The PRA Rulebook: Part 4 and response to Chapter 1 of CP41/15 – PS28/15, 14 December 2015