Emma RadmoreThe PRA has published its feedback statement on changes to its policy on insurance third-country branches. It has made minimal changes to what it consulted on and has now finalised changes to various relevant Supervisory Statements and Statements of Policy. The only change of significance relates to a proposal regarding quarterly reporting thresholds currently covered by a modification by consent. After feedback, the PRA has adjusted its decision and timeline for implementing that particular change.
Otherwise, changes will take effect variously immediately, on 31 December 2026, 1 January 2027 or 31 December 2027.