PRA updates on CRD4: PRA has confirmed firms must comply with EBA Guidelines on materiality, proprietary and confidentiality on disclosure frequency from 15 October 2015. (Source: PRA Updates on CRD4)

PRA finalises fees: PRA has finalised its fees and levies for 2015/2016. It made no changes to its proposals, and its final policy statement sets out:

  • fee rates to meet the Annual Funding Requirement;
  • fee rates for the Special Project Fee (SPF) for Solvency 2;
  • fee rates for the SPF for restructuring; and
  • PRA’s revised Financial Penalty Scheme.

(Source: PRA Finalises Fees)

PRA updates on skilled persons: PRA has commissioned four skilled persons reporting in the last quarter, three of which related to prudential issues for insurance companies. (Source: PRA Updates on Skilled Persons)

PRA updates on stress testing: PRA has asked general insurance firms to contribute to a stress testing exercise. It needs them to respond by 1 October. (Source: PRA Updates on Stress Testing)