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Prudential Regulation Authority (PRA)

A&O Shearman

UK Lays SI To Create New Regulated Activity Of Providing Targeted Support

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The Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order 2026 was laid before UK Parliament and published with an explanatory memorandum. The instrument, following the...more

A&O Shearman

Regulatory Monitoring: EU Version - January 2026

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The ESRB published a second summary compliance report assessing the implementation of recommendation ESRB/2019/18 on the exchange and collection of information for macroprudential purposes regarding branches of credit...more

Mayer Brown

The Pensions Brief: February 2026

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ISSUES AFFECTING ALL SCHEMES - CORPORATE TRUSTEES: IDENTITY VERIFICATION REQUIREMENTS The UK Government has announced that identity verification of individuals filing documents at Companies House will not now be...more

A&O Shearman

Financial Services Horizon Report 2026

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The UK’s Prudential Regulation Authority (PRA) set out its strategic priorities for 2025/26 in April 2025. Priority 1 is to maintain and ensure the safety and soundness of the banking and insurance sectors and ensure...more

A&O Shearman

Prudential Regulation In 2026: Priorities In Capital, Ring-Fencing, Recovery And Resolution, And Operational Resilience...

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In this article we explore the latest developments in prudential regulation across the UK and EU, including the ongoing developments with respect to Basel implementation, the emerging prudential regimes for cryptoassets and...more

A&O Shearman

Overview Of The Year Ahead: Regulatory Policy Drivers In 2026

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Trade tensions and broader political risks and uncertainty persist and remain of concern to financial markets and their supervisory authorities generally. Across the UK and EU consistent themes continue to centre around...more

Mayer Brown

UK Regulator Sets Out Insurance Supervision Priorities for 2026

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On 15 January 2026, the Prudential Regulation Authority ("PRA") published its annual letter setting out supervisory priorities for the UK insurance sector for the year ahead. What is the purpose of the PRA's 2025...more

BCLP

Rebalancing Risk to Unlock Growth: How Financial Services Regulation Will Shape the Economy in 2026

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Financial services sit at the heart of the UK government’s modern Industrial Strategy. Designated as one of eight “growth-driving sectors”, it is expected to play a central role in supporting economic growth – yet it faces...more

A&O Shearman

The Financial Services and Markets Act 2023 (Commencement No. 12 and Saving Provisions) Regulations 2026

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The Financial Services and Markets Act 2023 (Commencement No. 12 and Saving Provisions) Regulations 2026 were published. The Regulations, which were made on 13 January, use powers under the Financial Services and Markets Act...more

Mitratech Holdings, Inc

UK Operational Resilience Requirements: How to Prove Compliance

The UK operational resilience requirements for the Financial Services and Markets Act (FSMA) came into force in March 2025. Yet, many firms are still scrambling to demonstrate that they can keep critical services running...more

A&O Shearman

UK Regulators Publish Joint 2025 CBEST Thematic Report

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The Bank of England, UK Prudential Regulation Authority and UK Financial Conduct Authority have published their 2025 annual CBEST thematic report. CBEST is a threat-led penetration testing assessment framework of cyber...more

A&O Shearman

UK PRA Final Policy On Implementation Of Basel 3.1 Standards

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The UK Prudential Regulation Authority (PRA) has published final policy statement PS1/26 on the implementation of the Basel 3.1 standards in the UK, together with associated supervisory statements, statements of policy and...more

A&O Shearman

UK PRA Final Policy On Restatement Of CRR Requirements

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The UK Prudential Regulation Authority (PRA) has published policy statement PS3/26, setting out the final rules that restate the remaining provisions of the UK Capital Requirements Regulation (CRR) within the PRA Rulebook and...more

A&O Shearman

UK PRA Finalises Policy On Retiring Pillar 2A Refined Methodology

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The UK Prudential Regulation Authority (PRA) has published policy statement PS2/26, finalising its decision to retire the "refined methodology" for Pillar 2A. Specifically, in this policy statement, the PRA confirms that no...more

A&O Shearman

UK PRA Policy Statement On Final Simplified Capital Regime For SDDTs

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The UK Prudential Regulation Authority (PRA) has published a final policy statement PS4/26, finalising the simplified capital regime and additional liquidity simplifications for small domestic deposit takers (SDDTs) and SDDT...more

BCLP

From Incentives to Implications - Navigating Early Account Schemes in a Multi-regulator World

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The UK regulatory landscape is evolving towards more subject-led enforcement models designed to accelerate investigations and deliver swifter outcomes....more

A&O Shearman

UK PRA Outlines Supervisory Priorities For 2026 – UK Deposit Takers And International Banks

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The UK Prudential Regulatory Authority (PRA) has published Dear CEO letters setting out its 2026 supervisory priorities for UK deposit takers and international banks and designated investment firms. Across both letters, the...more

A&O Shearman

New UK crypto regime: proposed application of the FCA Handbook and prudential rules

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The countdown to the UK’s new crypto regime has begun. On December 15, 2025, the UK published finalised regulations with licensing and market abuse regimes for the crypto market, effective from October 25, 2027....more

A&O Shearman

Evolution Of The BoE's Approach To Resolution

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The Bank of England (BoE) has published a speech by Dave Ramsden, deputy governor, markets and banking, on the evolution of the BoE's approach to resolution. The speech discusses the balance to be struck in optimising ex ante...more

Hogan Lovells

HL UK Pensions Law Digest 22 January 2026

Hogan Lovells on

Pension Schemes Bill: release of surplus Comments from the Minister of State on the new power to release surplus; Pensions Commission and further lifetime allowance regulations...more

Cadwalader, Wickersham & Taft LLP

Innovation Within Limits January 15, 2026 - The UK’s House of Lords Reports on Concerns About Private Market Exposures

On 9 January the Financial Services Regulation Committee of the UK Parliament’s House of Lords published its report on “Private markets: Unknown unknowns” (the Report)....more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Prudential Regulation Authority Announces Its 2026 Supervision Priorities for Insurers

On 15 January 2026, the UK Prudential Regulation Authority (PRA) published its supervisory priorities for 2026, outlining in letters its sector-specific priorities for the coming year to all banks, building societies (a form...more

Katten Muchin Rosenman LLP

ESAs and UK Regulators Sign Memorandum of Understanding on Cross Border Oversight of Critical ICT Providers under DORA

The European Supervisory Authorities (ESAs) and the UK’s Bank of England, Prudential Regulation Authority and Financial Conduct Authority (together, the UK Regulators) have signed a Memorandum of Understanding (MoU) to...more

A&O Shearman

ESAs And UK Regulators Sign MoU On Oversight Of Critical ICT Third-Party Service Providers Under DORA

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The European Supervisory Authorities (comprising the European Securities and Markets Authority, the European Insurance and Occupational Pensions Authority and the European Banking Authority) have entered into a Memorandum of...more

A&O Shearman

UK PRA and FCA Consult On The FSCS MELL for 2026/27

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The UK Prudential Regulation Authority (PRA) and the UK Financial Conduct Authority (FCA) have published consultation paper CP1/26, proposing a management expenses levy limit (MELL) of GBP113 million for the UK Financial...more

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