The PRA is seeking comments by 18 December 2015 in relation to the PRA's proposed rules to implement the audit committee requirements of article 39 of the Statutory Audit Directive. It is proposed to apply the requirements of article 39 (requiring Member States to ensure that each public-interest entity has an audit committee) to the Lloyd’s market by applying the requirements to the Society of Lloyd’s and managing agents. The PRA also proposes to extend the scope of the requirements to UK designated investment firms. The consultation is relevant to banks, building societies and UK Solvency II insurance and reinsurance firms.