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Questions and Answers
What powers are exercised by the PRA in making the instrument?
The PRA exercises powers under section 137G and section 137T of the Financial Services and Markets Act 2000.
What pre-conditions were followed by the PRA in making the rules?
The PRA consulted the Financial Conduct Authority in accordance with section 138J of the Act, published a draft of the proposed rules, and considered representations made.
When does the instrument come into force?
The instrument comes into force on 1 April 2020.
How is the new text indicated in the Annex of the instrument?
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What is the full citation of the instrument?
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