The PRA has published Consultation Paper 28/15: The PRA Rulebook: Part 4 (CP28/15).
CP28/15 is the PRA’s latest Consultation Paper which sets out proposals to redraft certain modules of the PRA Handbook into the PRA Rulebook. The PRA Rulebook will appear in a new online website later this year and, until then, will appear on the existing Handbook site in PDF form.
In CP28/15 the PRA seeks views on certain amendments to the PRA Handbook including those that replace the rules:
- set out in Chapter 3.1 (Cross sector groups) of the General Prudential sourcebook (GENPRU) and GENPRU 3 Annex 1 (Capital adequacy calculations for financial conglomerates) with a new Rulebook Part ‘Financial Conglomerates’;
- relevant to banking and investment groups set out in GENPRU 3.2 (Third country groups) with a new chapter ‘Third country groups’ in the Groups Part of the PRA Rulebook;
- set out in SYSC 12.1 (Group risk systems and controls requirements) with a new Rulebook Part ‘Group risk systems’; and
- set out in SUP 16.3 (General provisions on reporting) and SUP 16.6 (Compliance reports) of the Handbook with new rules in the Regulatory Reporting Part.
The deadline for comments on CP28/15 is 13 November 2015.
View The PRA Rulebook: Part 4 – CP28/15, 14 August 2015