On 19 December 2023, the Prudential Regulation Authority (PRA) published a policy statement, PS19/23, providing responses to proposed minor amendments in consultation papers CP8/23, Chapter 11 of CP12/23 and CP22/23.
In the three consultation papers, the PRA proposed to make minor amendments to rules and a statement of policy (SoP). PS19/23 provides feedback to responses received and also contains the PRA’s final policy in the form of final rules and an updated SoP.
The implementation date for amended rules and updated SoP reflecting policy changes set out in CP8/23 and CP22/23 is 22 December 2023. The implementation date for amended rules reflecting policy changes set out in Chapter 11 of CP12/23 is 31 December 2023.