PRA Updates PS31/17 to Include Benchmarking Regulation Instrument 2018
PRA updated the policy statement PS31/17 to include the EU Benchmarking Regulations Instrument 2018, based on the legislative framework for PRA to implement the EU Benchmarks Regulation (BMR). Appendix 8 to PS31/17 contains the Benchmarking Regulations Instrument 2018, which comes into force on June 29, 2018.
PS31/17 provides final policy as part of changes to the PRA Rulebook, as outlined in Chapter 7 of occasional consultation paper, CP18/17. These changes relate to the second Markets in Financial Instruments Directive (MiFID II), Insurance Distribution Directive (IDD) forms, and BMR. PS31/17 also includes a consequential amendment to Short Form A, as outlined in Chapter 8 of CP18/17.
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Effective Date: June 29, 2018
Keywords: Europe, UK, Banking, Insurance, Securities, PS31/17, Benchmarking Regulations Instrument, Benchmarks Regulation, PRA
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