PRA Regulatory Update – August 2018

The August edition of the PRA’s Regulatory Digest includes:

  • news about a New Insurer Start-up Unit.  This is a joint initiative with the FCA.  The dedicated page on the Bank of England’s website includes a guide to becoming an insurer in the UK, and also a call for feedback on perceived barriers to entry in the insurance industry and possible remedial measures; and
  • updates relating to the Enforcement Decision Making Committee, including to the Committees procedures document and the PRA’s approach to enforcement statutory statements.