The PRA has published Policy Statement 10/17: Ensuring operational continuity in resolution – reporting requirements (PS10/17).
In PS10/17 the PRA provides feedback to responses to Consultation Paper 28/16: Ensuring operational continuity in resolution – reporting requirements (CP28/16). In CP28/16 the PRA set out proposals for the data the PRA intends to collect in connection with the financial resilience policy set out in Supervisory Statement 9/16: Ensuring operational continuity in resolution and the General Organisational Requirements and Outsourcing Parts of the PRA Rulebook.
PS10/17 contains final amendments to the Regulatory Reporting Part of the PRA Rulebook, final amendments to Supervisory Statement 34/15: Guidelines for completing regulatory reports (SS34/15) and the final template PRA109 and reporting instructions, which implement the proposals consulted on in CP28/16.
The amendments to the Regulatory Reporting Part and updates to SS34/15 take effect from 1 January 2019. Operational continuity firms are required to submit the template (PRA109) 45 business days after the first reporting period ending 31 December 2019.
In CP28/16 the PRA proposed to collect the data in the reporting templates by electronic means, as for other regulatory reporting. The PRA states that it is aware that firms will need information on the precise mechanism by which that data will be collected to assist with implementation. The PRA will aim to provide firms with an update on this in Q4 2018.
View Ensuring operational continuity in resolution: reporting requirements – PS10/17, 28 April 2017