The Prudential Regulation Authority (PRA) has issued a policy statement which publishes two legal instruments relating to reporting rules, as well as a correction to previously published rule changes. This policy statement is relevant to all firms supervised by the PRA.
As of 1 October 2015, the administrative fee for late regulatory reporting has been deleted. Also as of 1 October 2015, firms are no longer required to submit data on Currency Analysis (FSA054). As the amendment to delete this requirement was originally not included for RAG 3, 4, 7 and 8 firms (it was only deleted for RAG 1 firms), a new rule corrects this previous error and ensures that RAG 3, 4, 7 and 8 firms will also no longer be required to submit data on FSA054.