PRA – Complyport Limited

Coronavirus (COVID-19) Bulletin – PRA: No Bank Dividends, Buy-Backs Or Bonuses In 2020

The Prudential Regulation Authority (PRA) confirmed on 31 March 2020 that following consultation with the seven largest UK banks, they will suspend dividends, share buy backs and not pay cash bonuses to senior staff until the end of 2020. The PRA consultation with the seven largest UK banks (HSBC, Nationwide, [...]

Bank of England and Financial Services Act 2016

Of relevance to: All firms Bank of England and Financial Services Act 2016 The Bank of England and Financial Services Act 2016 has made its way through both Houses and received Royal Assent on 4 May. It’s not a massive instrument but some points of interest within it include: The [...]

An Independent Scotland

The Scottish Independence Referendum takes place on Thursday 18th September and within a few days after, we will know whether the system of financial regulation in Scotland is to remain the same or will be split from the rest of the United Kingdom. Currently the framework and regulation of UK [...]

FCA (and PRA) Fees 2013/14

As advised in Regulatory Roundup 47, the FCA Business Plan identified an Annual Funding Requirement (AFR) of £432.1m which, of course, has to be met by fees. The FCA has now published its very first consultation paper CP13/1 (not to be confused with the FSA’s CP13/1 concerning the FSCS Funding [...]

Tag: PRA

Coronavirus (COVID-19) Bulletin – PRA: No Bank Dividends, Buy-Backs Or Bonuses In 2020

Bank of England and Financial Services Act 2016

An Independent Scotland

FCA (and PRA) Fees 2013/14