The PRA has published Policy Statement 8/15: Supervising international banks: the Branch Return (PS8/15).
In Consultation Paper 4/14: Supervising international banks: the PRA’s approach to branch supervision the PRA consulted on two rules applicable to incoming firms and third country firms. One of these rules would introduce a twice yearly Branch Return, which would provide information about the UK activities of these firms. In a subsequent Policy Statement the PRA stated that this rule would be brought into force at a later date, allowing the PRA to absorb the lessons from a second voluntary pilot collection of the return. The purpose of PS8/15 is to provide an update on the development of the Branch Return and set out a final rule (which is contained in Appendix 1).
View Supervising international banks: the Branch Return – PS8/15, 30 April 2015