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.
Related Links
Effective Date: June 29, 2018
Keywords: Europe, UK, Banking, Insurance, Securities, PS31/17, Benchmarking Regulations Instrument, Benchmarks Regulation, PRA
Previous Article
CBIRC Issues Rules for Financial Asset Management Companies in ChinaRelated Articles
|
News
EIOPA Forms Consultative Expert Group on Digital Ethics in InsuranceEIOPA established the Consultative Expert Group on Digital Ethics in Insurance to assist EIOPA in the development of digital responsibility principles in insurance.
September 17, 2019
WebPage
Regulatory News
|
|
News
FASB Proposes Taxonomy Changes Related to Topics 848 and 470FASB proposed taxonomy improvements for the proposed Accounting Standards Update on topic 848 on facilitation of effects of reference rate reform on financial reporting.
September 16, 2019
WebPage
Regulatory News
|
|
News
BoE Statement on Recalculating Transitional Measures Under Solvency IIBoE notified that it will be willing to accept applications from firms to recalculate transitional measure on technical provisions (TMTP) as at September 30, 2019.
September 16, 2019
WebPage
Regulatory News
|
|
News
BIS Hosts Conference to Discuss Issues from Emergence of StablecoinsBIS hosted a conference in Basel to discuss policy and regulatory issues posed by the emergence of stablecoin initiatives backed by financial institutions and large technology companies.
September 16, 2019
WebPage
Regulatory News
|
|
News
BIS Paper on Embedded Supervision of Blockchain-Based Financial MarketBIS published a working paper that investigates ways to regulate and supervise blockchain-based financial markets.
September 16, 2019
WebPage
Regulatory News
|
|
News
BoE Paper on Market-Implied Systemic Risk and Shadow Capital AdequacyBoE published a working paper that presents a forward-looking approach to measure systemic solvency risk.
September 13, 2019
WebPage
Regulatory News
|
|
News
HKMA Consults on Policy Module on Pillar 2 Supervisory Review ProcessHKMA is consulting on the revised Supervisory Policy Manual module CA-G-5 that sets out the HKMA approach to conducting the supervisory review process under Pillar 2.
September 13, 2019
WebPage
Regulatory News
|
|
News
PRA Publishes Waiver by Consent of Continuity of Access RulesPRA published a new waiver by consent to waive the Continuity of Access requirements contained in the Depositor Protection Part of the PRA Rulebook (DPP).
September 13, 2019
WebPage
Regulatory News
|
|
News
EBA Single Rulebook Q&A: Second Update for September 2019EBA updated the Single Rulebook question and answer (Q&A) tool with answers to three questions.
September 13, 2019
WebPage
Regulatory News
|
|
News
BoE Publishes Update on Meeting of Working Group on Risk-Free RatesBoE published the minutes of the July meeting of working group on sterling risk-free reference rates.
September 13, 2019
WebPage
Regulatory News
|
