FIN.

PRA consults on designating investment firms

The PRA is proposing minor changes to its policy on designating investment firms. This includes a proposal to increase the base capital resources requirement for PRA-designated investment firms, thereby aligning it with changes to the same requirement for solo-regulated firms undertaking the same type of business.

The consultation closes on 5 October 2021 and the PRA intends that the changes will take effect from 1 January 2022.

Lucy Hadrill