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What next for the Prudential Regulation Authority (PRA) Rulebook? Richard Cowan, senior associate at Pannone Corporate, says the Rulebook will be going online and has been tailored towards firms’ requirements.
Prudential Regulation Authority set to launch final Rulebook, LNB News 02/04/2015 69
The PRA intends to amend and streamline both the PRA Handbook and the associated materials inherited from the Financial Services Authority (FSA) to create a new Rulebook and a body of supporting supervisory statements. The final rules are published in a policy statement, supervisory statements and a statement of policy with a view to creating the PRA Rulebook.
What is the background to this policy statement?
The PRA Rulebook: Part 2—PS7/15 (the policy statement) is part of a sequence of publications which will replace the Handbook shared with the Financial Conduct Authority. The publications have come out of the PRA’s commitment to ‘substantially amend and streamline’ its rules inherited from the FSA. This summer (2015), the PRA will also be launching a new Rulebook website in order to improve the online presentation of the PRA’s rules, which will be divided into two sections: deposit-takers and investment firms (banking) and insurance, and will be furthe
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