On 13 June 2018, the PRA published Policy Statement 11/18: Resolution planning – MREL reporting (PS11/18). In PS11/18 the PRA provides feedback to its earlier consultation concerning its expectations for the reporting on the minimum requirement for own funds and eligible liabilities (MREL). The appendices to PS11/18 also set out an updated version of Supervisory Statement 19/13: Resolution planning (SS19/13) and the reporting templates and guidance. The updated version of SS19/13 will take effect from 1 January 2019.
Firms are expected to use the Bank of England (BoE) Electronic Data Submission portal for the submission of all returns. The BoE is planning to have this available for firms to submit the MREL returns from January 2019, and will contact firms in preparation for reporting.