ARCHIVED: This Practice Note has been archived and is not maintained. Last updated July 2019. On 21 July 2019, the Prospectus Regulation (EU) 2017/1129 became fully applicable in EU member states and the Prospectus Directive was repealed. The Prospectus Regulation now regulates when a prospectus is required to be published in respect of an offer of securities to the public in the UK or the admission of securities to trading on a regulated market in the UK. The FCA aligned the FCA Handbook with the provisions of the Prospectus Regulation by deleting the Prospectus Rules in their entirety and replacing them with the Prospectus Regulation Rules sourcebook. For more information see Practice Note: The UK Prospectus Regulation—essentials [Archived] and The UK Prospectus Regulation—is a prospectus required? [Archived] This note and related notes on the now repealed Prospectus Rules have been retained for reference as the commentary may still be applicable to corresponding provisions of the Prospectus Regulation Rules (PRR). This Resource Note highlights relevant commentary, analysis and resources to assist with the

ARCHIVED: This Practice Note has been archived and is not maintained. Last updated July 2019. On 21 July 2019, the Prospectus Regulation (EU) 2017/1129 became fully applicable in EU member states and the Prospectus Directive was repealed. The Prospectus Regulation now regulates when a prospectus is required to be published in respect of an offer of securities to the public in the UK or the admission of securities to trading on a regulated market in the UK. The FCA aligned the FCA Handbook with the provisions of the Prospectus Regulation by deleting the Prospectus Rules in their entirety and replacing them with the Prospectus Regulation Rules sourcebook. For more information see Practice Note: The UK Prospectus Regulation—essentials [Archived] and The UK Prospectus Regulation—is a prospectus required? [Archived] This note and related notes on the now repealed Prospectus Rules have been retained for reference as the commentary may still be applicable to corresponding provisions of the Prospectus Regulation Rules (PRR). This Resource Note highlights relevant commentary, analysis and resources to assist

ARCHIVED: This Practice Note has been archived and is not maintained. Last updated July 2019. On 21 July 2019, the Prospectus Regulation (EU) 2017/1129 became fully applicable in EU member states and the Prospectus Directive was repealed. The Prospectus Regulation now regulates when a prospectus is required to be published in respect of an offer of securities to the public in the UK or the admission of securities to trading on a regulated market in the UK. The FCA aligned the FCA Handbook with the provisions of the Prospectus Regulation by deleting the Prospectus Rules in their entirety and replacing them with the Prospectus Regulation Rules sourcebook. For more information see Practice Note: The UK Prospectus Regulation—essentials [Archived] and The UK Prospectus Regulation—is a prospectus required? [Archived]. This note and related notes on the now repealed Prospectus Rules have been retained for reference as the commentary may still be applicable to corresponding provisions of the Prospectus Regulation Rules (PRR). This Resource Note highlights relevant commentary, analysis and resources to assist

ARCHIVED: This Practice Note has been archived and is not maintained. Last updated July 2019. On 21 July 2019, the Prospectus Regulation (EU) 2017/1129 became fully applicable in EU member states and the Prospectus Directive was repealed. The Prospectus Regulation now regulates when a prospectus is required to be published in respect of an offer of securities to the public in the UK or the admission of securities to trading on a regulated market in the UK. The FCA aligned the FCA Handbook with the provisions of the Prospectus Regulation by deleting the Prospectus Rules in their entirety and replacing them with the Prospectus Regulation Rules sourcebook. For more information see Practice Note: The UK Prospectus Regulation—essentials [Archived] and The UK Prospectus Regulation—is a prospectus required? [Archived] This note and related notes on the now repealed Prospectus Rules have been retained for reference as the commentary may still be applicable to corresponding provisions of the Prospectus Regulation Rules (PRR). This Resource Note highlights relevant commentary, analysis and resources to assist

The Prudential Regulation Authority (PRA) is responsible for the prudential regulation and supervision of 1,500 banks, building societies, credit unions, insurers and major investment firms in the UK.

The Prudential Regulation Authority (PRA) has sent a Dear CEO letter, following a review of the recovery planning capabilities of c70 non-systemic UK banks and building societies. The PRA sets out areas for improvement, planned next steps, and effective practice examples. The review found that although many firms understand the basics of recovery planning, there are significant areas for improvement, most notably related to the development of recovery scenarios and the calculation of recovery capacity.

The Prudential Regulation Authority has sent a Dear CFO letter to firms in scope of written auditor reporting, setting out feedback from its thematic review of accounting for IFRS 9 expected credit losses (ECL) and climate risk. The PRA has asked for auditors’ views on progress made in 2023 to adopt the ‘high quality practices’ for ECL set out in the PRA’s letters of 2 October 2019 and on 11 October 2022. Annexes to the letter set out areas of focus going forward.

The Prudential Regulation Authority (PRA) has published a speech by its chief executive officer and deputy governor of prudential regulation, Sam Woods, addressing the PRA’s commitment to its secondary competitiveness and growth objective.

This Practice Note provides an overview of the contents and structure of the Prudential Regulation Authority (PRA) Rulebook (the Rulebook) for the insurance and reinsurance sector. It introduces the requirements for Solvency UK firms, Non-Solvency UK firms and non-authorised persons, along with the relevant links to the Rulebook. Overview of the PRA Rulebook On 29 August 2015, the PRA published the Rulebook. The transition from the PRA Handbook to the Rulebook was designed to provide PRA-authorised firms with clearer, more concise rules. In addition to the Rulebook, Supervisory Statements (SSs) and Statements of Policy (SoPs) offer a comprehensive understanding of the PRA’s requirements. The PRA refreshed its Rulebook in April 2024 to enhance its flexibility to present in a comprehensive manner the increased volume of policy resulting from its post-Brexit rule-making responsibilities. Structure

The Prudential Regulation Authority (PRA) has published a Policy Statement (PS) 1/25providing feedback on responses to consultation paper (CP) 12/24 regarding amendments to reporting and disclosure dates for resolution assessments. The final policy, effective from 10 January 2025, introduces greater flexibility by shifting from fixed two-year cycles to a periodic basis for report submissions and disclosures. This policy is reflected in amendments to the Resolution Assessment Part of the PRA Rulebook and an updated supervisory statement (SS) 4/19.

In proposed changes aimed at supporting economic growth, the Prudential Regulation Authority (PRA) and Bank of England (BoE) have published proposals to reduce regulatory reporting requirements for banks.  The PRA’s Consultation Paper CP21/25 outlines targeted deletions of 37 reporting templates inherited from EU regulations, marking the first deliverable from its Future Banking Data (FBD) project.  Simultaneously, the BoE has launched a consultation on the partial revocation of the UK Technical Standard (UKTS) 2018/1624 on resolution reporting (COREP13). Additionally, the BoE’s statistical reporting team is consulting on changes to the collection and publication of data on the further sectoral breakdown of non-resident business. Consultations close on 22 October 2025 for the PRA proposals, 21 November 2025 for resolution changes, and 31 December 2025 for statistical reporting amendments.

The Prudential Regulation Authority (PRA) and the Bank of England (BoE) have published their Cost Benefit Analysis (CBA) Panel Annual Report for 2024, covering the period from 1 July 2024—31 October 2024.The CBA Panel, established in July 2024 under the Financial Services and Markets Act 2023, provides independent advice to the PRA and the BoE on the preparation of CBAs for proposed rules. The Panel's 2025 agenda will involve reviewing relevant CBAs accompanying PRA and Bank consultation papers on proposed rules. It will also include discussions on how the PRA and Bank can improve their CBA methodologies and toolkits.