UK:
UK Prudential Regulator Publishes Information Pack On Ring-Fencing Reporting Requirements
13 November 2018
Shearman & Sterling LLP
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On October 31, 2018, the U.K. PRA published an information
document entitled "Ring-fencing: Summary of regulatory
reporting requirements." The document summarizes the
regulatory reporting and reporting system requirements for
ring-fencing that will apply to U.K. banking groups within the
scope of the U.K.'s structural reform requirements coming into
force on January 1, 2019. The information document is designed to
assist firms that must submit ring-fencing regulatory returns.
The PRA states that the information document is not intended to
supersede the PRA Rulebook, the regulatory reporting and the
structural reform sections of the BoE's website and relevant
and applicable published PRA policy. Affected firms should also
continue to refer to these sources to determine their regulatory
obligations.
The information document is available at:
https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/structural-reform/ring-fencing-summary-of-regulatory-reporting-requirements-oct-18.pdf.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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