On April 30, 2015, the UK Prudential Regulation Authority published a policy statement introducing the final rule that implements the Branch Return, a new return that will collect data biannually from EEA and non-EEA firms with UK branches. The final rule is also directed at firms looking to operate in the UK in the future. The new return gathers quantitative information on economic functions performed by branches in the UK and aims to enhance the PRA’s understanding of the impact that branches have on UK financial stability.

The Policy Statement and Branch Return Form are available at: http://www.bankofengland.co.uk/pra/Documents/publications/ps/2015/ps815.pdf