The PRA has issued a statement that invites firms to apply for a temporary modification of the Leverage Ratio Part of the PRA Rulebook in response to a Recommendation from the Financial Policy Committee to the PRA in relation to the composition of the total exposure measure for the purposes of the leverage ratio. This modification is available to firms that are currently subject to the UK leverage ratio framework.

View PRA statement on the leverage ratio, 4 August 2016

View PRA letter to firms – Modification by Consent of Leverage Ratio rule 1.2, Public Disclosure rule 1.1 and Reporting Leverage Ratio rule 1.2, 4 August 2016

View PRA waivers by consent web page, 4 August 2016