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Prudential Regulation Authority (PRA) Regulatory Requirements

A&O Shearman

UK PRA Policy Statement On Recognized Exchanges Policy And Transfer Of Main Indices

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The UK Prudential Regulation Authority (PRA) has published policy statement PS6/26 on its approach to recognised exchanges and main indices in the context of the revocation and restatement of the UK Capital Requirements...more

A&O Shearman

BoE Consults On Approach To Use Its Requirements And Permissions Powers To Facilitate Mobilisation Of New CCPs

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he Bank of England (BoE) has published a consultation paper proposing a new statement of policy (SoP) that will establish the BoE's approach to using its permissions and requirements powers to facilitate a discretionary...more

A&O Shearman

The Financial Services and Markets Act 2023 (Commencement No 13) Regulations 2026

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The Financial Services and Markets Act 2023 (Commencement No 13) Regulations 2026 were made, following HM Treasury's policy response on applying the Financial Services and Markets Act 2000 model of regulation to the UK...more

Paul Hastings LLP

FCA and PRA Propose Targeted Reforms to UK Securitisation Framework

Paul Hastings LLP on

On 17 February, the UK Financial Conduct Authority (FCA) and the UK Prudential Regulation Authority (PRA) published parallel consultation papers (CP26/6 and CP2/26 respectively, and together, the Consultation Papers) setting...more

DLA Piper

UK Securitisation - Welcome Proposals Represent Divergence From the EU Position

DLA Piper on

The Financial Conduct Authority (FCA)’s CP 26/6 “Rules for reforming the UK Securitisation Framework” appeared on Tuesday morning setting out 47 questions for consideration. There was also a parallel consultation from the...more

Cadwalader, Wickersham & Taft LLP

The UK Consults on Significant Changes to its Securitisation Framework

On 17 February 2026, the UK’s Financial Conduct Authority (“FCA”) and Prudential Regulation Authority (“PRA”) published parallel consultation papers proposing the most significant overhaul of the UK securitisation framework...more

Mayer Brown

New Proposals for reforming the UK Securitisation Framework

Mayer Brown on

On 17 February 2026 the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) published consultation papers (CP26/6 and CP2/26 respectively) setting out proposed reforms to the UK securitisation...more

A&O Shearman

UK PRA Consults On Rule Changes For Overseas Prudential Requirements Regime

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The UK Prudential Regulation Authority (PRA) has published consultation paper CP3/26 setting out proposed amendments to the PRA Rulebook to accommodate HM Treasury's (HMT) planned overseas prudential requirements regime...more

A&O Shearman

UK PRA Updates Branch Return Form and Guidance

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The UK Prudential Regulation Authority (PRA) has published an updated webpage for banks, building societies and investment firms, notifying it has published an updated Branch Return Excel form and schema to align with changes...more

Morgan Lewis

FCA & PRA Consultations on the UK Securitisation Framework

Morgan Lewis on

The UK Financial Conduct Authority (FCA) and the Prudential Regulation Authority of the Bank of England (PRA) have each published a consultation paper in relation to proposed changes to the UK securitisation framework. These...more

Skadden, Arps, Slate, Meagher & Flom LLP

PRA and FCA Consult on Reforms to UK Securitisation Framework

On 17 February 2026, the Prudential Regulation Authority (PRA) published a consultation paper (CP2/26), “Reforms to Securitisation Requirements,” within which various updates to the UK’s securitisation framework have been...more

Katten Muchin Rosenman LLP

Regulators Consult on Further Streamlining

The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) (together, the Regulators) have published parallel consultations on amendments to their respective securitisation rules. The proposals in the FCA...more

A&O Shearman

BoE Proceeds With Partial Revocation Of UK Technical Standard On Resolution Reporting

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The Bank of England (BoE) has published a policy statement on the partial revocation of the UK technical standard (UKTS) 2018/1624 on resolution reporting, specifically relating to COREP13 templates. Following the September...more

A&O Shearman

BoE Dear CFO Letter On Preparation For The Third Resolvability Assessment

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The Bank of England (BoE) has issued a Dear CFO Letter setting out information on the third resolvability assessment framework (RAF) assessment. The assessment will evaluate firms' overall ability to meet the three...more

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

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

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 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 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

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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