The Capital Requirements (Capital Buffers and Macro-prudential measures) Regulations 2014 designate the PRA as the competent authority responsible for identifying other systemically important institutions (O-SIIs) for the purposes of article 131(3) of the Capital Requirements Directive IV.

In Consultation Paper 39/15: the PRA’s approach to identifying other systemically important institutions (CP39/15) the PRA set out the criteria and scoring methodology it proposed to use to identify O-SIIs. The consultation was relevant to all credit institutions, investment firms, EEA parent institutions, EEA parent financial holding companies and EEA parent mixed financial holding companies within the domestic financial sector at their highest level of consolidation in the UK. The content did not apply to EEA and third country branches operating in the UK.

The PRA has now published Policy Statement 6/16: The PRA’s approach to identifying systemically important institutions (PS6/16) in which it sets out feedback to CP39/15, a statement of policy and its 2015 list of UK firms designated as O-SIIs.

View The PRA’s approach to identifying other systemically important institutions, 19 February 2016