PRA updates MRT waiver

PRA has updated its list of modifications by consent to include an application to allow CRR firms to exclude from idenfication as MRTs employees who meet the pay-based criteria for the definition but are deemed not to have a material impact on the firm’s risk profile.  Firms that wish to make use of this should use the new form, and will need to make a new application for each performance year.

Emma Radmore