PRA consults on financial holding companies

PRA has issued a further consultation on applying existing prudential consolidation requirements to financial holding companies and mixed financial holding companies approved or designated under FSMA. The proposals:

  • will result in changes to several parts of the PRA Rulebook in terms of the prudential requirements; and
  • would results in new and changes Statements of Policy on enforcement measures and the application of penalties to these entities.

PRA asks for comment by 22 July with a view to introducing the changes from 15 September.

Emma Radmore