Designation of investment firms for prudential supervision by the Prudential Regulation Authority

First published 25 March 2013

This Prudential Regulation Authority (PRA) statement of policy publishes the final statement of policy on the PRA’s approach to the designation of investment firms for prudential supervision by the PRA including:

• the legislative context for designation decisions under the Financial Services and Markets Act 2000 (PRA-regulated Activities) Order 2013;
• the factors to which the PRA will have regard when deciding whether to designate an investment firm;
• the procedural arrangements for making these decisions; and
• how the PRA will communicate designation decisions to firms.

Current version

Published 15 December 2021. Effective from 1 January 2022

• Statement of Policy ‘Designation of investment firms for prudential supervision by the Prudential Regulation Authority’ – December 2021 (pdf)

- Following PS27/21 ‘Designating investment firms’ 

Past version

Published 25 March 2013. Effective from 25 March 2013. (Superseded on 1 January 2022 by December 2021 version).

• Statement of Policy ‘Designation of investment firms for prudential supervision by the Prudential Regulation Authority’ – March 2013 (pdf)

- Following Consultation Paper ‘Designating of investment firms for prudential supervision by the PRA: consultation on a draft policy statement’; and Background paper ‘Designation of investment firms for prudential supervision by the PRA’.