Introduction
1
The Prudential Regulation Authority (PRA) may exercise, under section 165A of the Financial Services and Markets Act 2000 (FSMA), the power to require certain persons to provide (i) specified information or information of a specified description; or (ii) specified documents or documents of a specified description, that it considers are, or might be, relevant to the stability of one or more aspects of the UK financial system (the financial stability information power).
- 19/06/2014
2
This statement of policy may be relevant to authorised persons[1] and unauthorised persons, in particular persons whose activities are or may be relevant to the stability of one or more aspects of a relevant financial system.[2]
Footnotes
- 1. For the definition of ‘authorised person’ see section 31 of FSMA.
- 2. In accordance with section 169A(5) of FSMA, a financial system includes: (a) financial markets and exchanges; (b) activities that would be regulated activities; and (c) other activities connected with financial markets and exchanges.
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3
This statement of policy is issued pursuant to section 165B(6) of FSMA which requires the PRA to prepare a statement of its policy with respect to the exercise of the financial stability information power. It has been approved by HM Treasury, as required under section 165B(7).
- 19/06/2014