The Prudential Regulation Authority’s approach to enforcement: statutory statements of policy and procedure

Published on 4 October 2019. Effective from: 4 October 2019 with one exception:

In relation to cases where the PRA has already concluded ‘Stage 1’ settlement discussions with the subject, without reaching a settlement, prior to Friday 4 October 2019, the existing scheme as set out in the March 2019 SoP ‘The PRA’s approach to enforcement: Statutory statements of policy and procedure’, will continue to apply.

• Statement of Policy UPDATE - October 2019 (pdf)

 - following the publication of Policy Statement 23/19 ‘Enforcement: Changes to the PRA’s settlement policy’.

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Published on 5 March 2019. Effective from  7 March 2019 (superseded by the October 2019 version).

• Statement of Policy UPDATE - March 2019 (pdf)

 - following the publication of Policy Statement 6/19 Responses to Chapters 3-7 of CP24/18 ‘Occasional Consultation Paper'.

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Published on 3 August 2018. No longer effective (superseded by March 2019 version).

• Statement of Policy UPDATE – August 2018 (pdf)

 - following the publication of the Bank of England’s Policy Statement PS/EDMC2018 ‘Enforcement Decision Making Committee.

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Published on 21 January 2016. No longer effective (superseded by August 2018 version).

• Statement of Policy UPDATE – January 2016 (pdf)

 - following the publication of Policy Statement 1/16 ‘Engagement between external auditors and supervisors and commencing the PRA’s disciplinary powers over external auditors and actuaries’.

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Published on 1 April 2013. No longer effective (superseded by January 2016 version).

• Statement of Policy UPDATE – April 2013 (pdf)
• Initial publication.