Published on 2 April 2015
The PRA Rulebook: Part 2 - PS7/15
Background
This policy statement (PS) publishes final rules, supervisory statements and a statement of policy following on from CP25/14 The PRA Rulebook: Part 2. It is relevant to all PRA-regulated firms. It is the second in a series of publications over two years that will redraft the Handbook inherited from the Financial Services Authority to create the PRA Rulebook.
The PRA intends to launch the Rulebook website online this summer. The Rulebook website will replace the existing Handbook site currently shared with the Financial Conduct Authority. The redesigned site will reshape the PRA’s policy material by improving the online presentation of the PRA’s rules, including style, structure and functionality.
Summary of content
Appendix 1 to the PS sets out:
- Rulebook glossary terms;
- verification of standing data rules;
- general provisions rules;
- internal governance rules; and
- Handbook consequentials.
Appendix 2 to the PS sets out:
- supervisory statement - internal governance;
- supervisory statement - exercising certain functions under the Building Societies Act 1986, this also includes forms available on the Banks and Building Societies lists webpage;
- supervisory statement - supervising building societies’ treasury and lending activities; and
- statement of policy - the Prudential Regulation Authority’s approach to insurance business transfers.
Appendix 3 sets out the final Rulebook Mapping table which was included in CP25/14. The table maps across provisions from the PRA Handbook with the corresponding provisions incorporated into the Rulebook.
Policy Statement 7/15 Opens in a new window
Supervisory Statements
Statement of Policy