The FSA has published a letter it sent to firms earlier this month, along with a set of FAQs, on the preparations and transitional arrangements for the Prudential Regulation Authority (PRA).

The letter lists the publications that the FSA and Bank of England can be expected to release during the run up to legal cutover in April 2013. These include a consultation paper on the approved persons regime for the PRA and the Financial Conduct Authority (FCA) and a document which will set out the new approach to prudential regulation data, specifically how the PRA will use supervisory data.

The FAQs provide firms with detailed information in relation to some of the key practical issues that will affect them during the transition period, such as authorisations and supervision. This document also answers questions in relation to the development of the PRA Handbook, how the PRA will make rules and how the PRA and FCA will work together and coordinate their approach.