Top news and publications
- PS4/25 – Financial Services Compensation Scheme (FSCS) Management Expenses Levy Limit (MELL) 2025/26
- CP2/25 – Leverage Ratio: changes to the retail deposits threshold for application of the requirement
- CP3/25 – Recognised exchanges policy and transfer of main indices
- CP4/25 – Depositor protection
- CP5/25 – Margin requirements for non-centrally cleared derivatives: Amendments to BTS 2016/2251
Cross cutting publication
PS4/25 – Financial Services Compensation Scheme (FSCS) Management Expenses Levy Limit (MELL) 2025/26
28 March 2025
This Prudential Regulation Authority (PRA) policy statement provides feedback to responses to consultation paper (CP) 1/25 – Financial Services Compensation Scheme – Management Expenses Levy Limit 2025/26. It also contains the PRA’s final rules for the FSCS MELL for 2025/26.
Banking publications
CP4/25 – Depositor protection
31 March 2025
This CP sets out the PRA’s proposals in relation to the protection for deposits available from the Financial Services Compensation Scheme (FSCS), the UK’s Deposit Guarantee Scheme. This consultation closes on:
- 30 June 2025 for proposals connected to the FSCS protection limits; and
- 30 April 2025 for proposals related to the Bank Resolution (Recapitalisation) Bill.
CP5/25 – Margin requirements for non-centrally cleared derivatives: Amendments to BTS 2016/2251
27 March 2025
This CP sets out the PRA’s and the FCA’s proposal to implement an indefinite exemption for single-stock equity options and index options from the UK bilateral margining requirements. This consultation closes on Friday 27 June 2025.
CP3/25 – Recognised exchanges policy and transfer of main indices
19 March 2025
This CP sets out the PRA’s proposed conditions an investment exchange must meet to be a ‘recognised exchange’ for the purposes of Article 4(1)(72)(c) of the assimilated Capital Requirements Regulation No 575/2013 (CRR). This consultation closes on Wednesday 18June 2025.
CP2/25 – Leverage Ratio: changes to the retail deposits threshold for application of the requirement
5 March 2025
This CP sets out the PRA’s proposal to adjust one of the thresholds for application of the Leverage Ratio – Capital Requirements and Buffers Part of the PRA Rulebook. The PRA also proposes to make minor consequential changes to supervisory statement 45/15 – The UK leverage ratio framework. This consultation closes on Thursday 5 June 2025.
Insurance updates
Bank of England Insurance liquidity taxonomy PWD
31 March 2025
In CP19/24 – Closing liquidity reporting gaps and streamlining Standard Formula reporting the PRA outlined proposals to close liquidity reporting gaps for large insurance firms with significant exposure to derivatives or securities involved in lending or repurchase agreements. The PRA proposes to introduce liquidity reporting requirements for major life insurers as part of its response to prominent market stress episodes.
This Public Working Draft (PWD) of the Bank of England Insurance Taxonomy sets out the technical implementation of the proposals outlined in the aforementioned consultation papers. This PWD does not reflect any feedback the Bank has received during the consultation period but matches the Appendices – Draft liquidity reporting templates and LOG file instructions published in the consultation paper on the Bank of England website. This PWD should not be used for live reporting.
We have provided the Data Point Model, annotated templates and data dictionary to request industry feedback on the proposed data point modelling and business validation rules.
We invite feedback from firms and software vendors on the PWD technical artefacts to uktaxonomypwdfeedback@bankofengland.co.uk by Wednesday 30 April 2025.
7 March 2025
Since the publication of the Bank of England Insurance Taxonomy v2.0.1 on 10 October 2024, the PRA has received feedback from firms and has identified issues which are listed in the latest taxonomy known issues log and the validation defects identified are listed in the latest validations deny list. Additionally, the PRA has published an updated version of the reporting Q&A document to provide relevant guidance to firms on reporting topics. We plan to update these documents and links, on a regular basis, to support firms with the Solvency UK regulatory reporting submissions.
More information
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