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Bank of England: This consultation paper (CP) sets out proposals to redraft certain modules of the Prudential Regulation Authority (PRA) Handbook.

This CP seeks views on, amongst other proposals:

replacing the rules in chapter 13 (Exercise of passport rights by UK firms) of the Supervision manual (SUP) of the Handbook with a new Rulebook Part ‘Passporting’;
replacing the rules set out in SUP 16.12 (Integrated Regulatory Reporting) and SUP 16.16 (Prudent Valuation Reporting) with a new Rulebook Part ‘Regulatory Reporting’ and the guidance in the Annexes to SUP 16 with a new supervisory statement ‘Guidelines for completing regulatory reports’;
replacing the rules and policy in chapters 4 to 9 of SYSC (as they apply to UK branches of banks, building societies and investment firms incorporated outside the EU) with one new Rulebook Part ‘Internal governance of third country branches’, and one supervisory statement ‘Internal governance of third country branches’; and
replacing the rules and guidance in chapter 20 (Reverse stress testing) of SYSC including chapter 15 in the Internal capital adequacy assessment Part and updating the draft supervisory statement ‘The Internal capital adequacy assessment process (ICAAP) and the supervisory review and evaluation process (SREP)’ that was consulted on in CP1/15.

This consultation closes on Tuesday 30 June 2015.