Prudential Regulation Authority Rulebook

22.1

This Chapter applies only to:

1. (1) an incoming firm; or
2. (2) a third country firm,
3. that is:
4. (3) a bank; or
5. (4) a designated investment firm.

22.2

A firm must provide the PRA with information in accordance with the Branch Return Form. The information must be provided as at 30 June and 31 December each year and provided within 30 business days of the date to which the information relates.

22.3

The Branch Return Form can be found here.

22.4

A third country firm that is a bank must report the following information to the PRA:

(1) information on the liquid assets available to the branch, in particular the availability of liquid assets in EEA state currencies;

(2) the own funds that are at the disposal of the branch;

(3) the deposit protection arrangements available to depositors in the branch;

(4) the risk management arrangements;

(5) the governance arrangements, including key function holders for the activities of the branch; and

(6) the recovery plans covering the branch.

[Note: Article 47 (1a) of the CRD]

22.5

A firm must report the information set out in 22.4 annually. The information must be reported within 7 months from the end of the firm’s financial year.

[Note: Article 47 (1a) of the CRD]

22.6

A firm must submit the information set out in 22.4 by email to their usual supervisory contact at the PRA. If the firm has already submitted the information in the context of another data request in relation to the firm’s financial year, the firm can refer to that submission instead.