Delayed

SM&CR Forms finalised for now

On 22 January 2021, the PRA published a policy statement (PS21/1) on updates to SM&CR forms. Subsequent to a July 2020 consultation paper on the proposed updates, the PRA received zero response; the updates are consequently entirely in line with the proposal.  The appendices to the policy statement contain the updates to the following forms:

The final rules and the updated versions of the forms apply from 22 January 2021.

Given the less than earth-shaking nature of these updates, the total lack of response to the consultation is perhaps not surprising. However, with all things regulatory and SM&CR in particular- complete mastery of the detail avoids an appointment with the lurking devil.

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