PRA consults on Brexit measures

As part of its preparation for onshoring EU legislation, the PRA has published CP32/18.  This consultation paper contains two consultations: the first sets out the PRA’s proposals regarding the PRA Rulebook and the Binding Technical Standards (BTS) that are to come within the PRA’s remit; the second relates to BTS that will come within the aegis of the Bank of England, as resolution authority.

The consultation closes on 21 January 2019, although the proposals will take effect either on Friday 29 March 2019, or at the end of any implementation period, depending on the basis on which the UK exits the EU.