Selected recent news from the UK's prudential regulator:
On 16 February, the PRA published "Consultation Paper CP2/17 Occasional Consultation Paper" setting out proposed changes to rules and supervisory statements. OAC do not deem these changes (including regulatory references for Solvency II firms and external audit exclusions for non-directive insurers other than non-directive friendly societies) as substantive but they emphasise the value in referring to the latest version of the PRA Rulebook as and when necessary.
Please note that key changes to the accountability regime take effect on 7 March 2017.
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