On 17 January 2020, the PRA updated its webpage concerning Policy Statement 17/19: Supervising international banks: revision of the branch return.
On its webpage the PRA states that it has identified that the branch return form published on 12 September 2019 contains incorrect validations in Part 3. Specifically, validation BRv011 should only apply to column 005 rather than all columns of Part 3. Also, incorrect validations that were embedded in Part 3 of the template at row 80 in columns 040, 050 and 060 which should be removed. The PRA has provided a corrected version of the template on the Regulatory reporting – Banks, building societies and investment firms page, in which the scope of BRv011 has been narrowed and the other validations embedded in Part 3 have been deleted. The PRA expects to consult on making these changes in March with a view that revisions would take effect from May.