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
APRA Releases Minor Changes to Reporting Standards on SA-CCR for BanksAPRA released minor changes to the three reporting standards for the standardized approach for measuring counterparty credit risk exposures (SA-CCR).
May 22, 2019
WebPage
Regulatory News
|
|
News
APRA Proposes to Amend Guidance on Residential Mortgage LendingAPRA is consulting on revisions to the prudential practice guide APG 223 on residential mortgage lending in Australia.
May 21, 2019
WebPage
Regulatory News
|
|
News
ESAs Amend Technical Standards on Mapping of ECAIs Under CRRESAs published a second amendment to the implementing technical standards on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for credit risk under the Capital Requirements Regulation (CRR).
May 20, 2019
WebPage
Regulatory News
|
|
News
OCC Consults on Information Collection for Home Mortgage DisclosuresOCC is soliciting comment on the revision of the information collection titled “Regulation C—Home Mortgage Disclosure.” OCC also notes that it has sent the collection to OMB for review.
May 20, 2019
WebPage
Regulatory News
|
|
News
EIOPA Updates Q&A on Regulations in May 2019EIOPA published additional questions and answers (Q&A) on guidelines, directives, and regulations applicable to insurers in Europe.
May 17, 2019
WebPage
Regulatory News
|
|
News
FSB Publishes Update on Meeting of RCG for AmericasFSB published a summary of the meeting of its Regional Consultative Group (RCG) in Americas.
May 17, 2019
WebPage
Regulatory News
|
|
News
ESRB Paper on Impact of Business Model Similarities on Risk CaptureESRB published a working paper on whether information contagion and business model similarities explain bank credit risk commonalities.
May 17, 2019
WebPage
Regulatory News
|
|
News
IASB Issues Work Plan and Meeting Updates for May 2019IASB published an updated work plan, along with the update of its meeting in May 2019.
May 17, 2019
WebPage
Regulatory News
|
|
News
FCA Publishes Its Business Plan for the Coming YearFCA published its Business Plan, which sets out the main areas of focus and priorities for 2019/20.
May 17, 2019
WebPage
Regulatory News
|
|
News
CBM Notifies ESRB and ECB on Imposing Borrower-Based Measures in MaltaCBM notified ESRB and ECB regarding its decision to impose borrower-based measures on lenders in Malta.
May 17, 2019
WebPage
Regulatory News
|
