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Version date: 7 April 2021 - onwards

3 Additional minor changes to SS11/13

Closed
7 July 2021

3.1 The PRA is also proposing to make additional minor changes to SS11/13 to reflect the UK's withdrawal from the EU, as set out in Appendix 2. These changes would bring the SS in line with the version of the Capital Requirements Regulation (CRR) that was onshored at the end of the transition period on Thursday 31 December 2020. These changes replicate the effect of the general guidance set out in SS1/19 'Non-binding PRA materials: The PRA's approach after the UK's withdrawal from the EU'.

3.2 The PRA is proposing the following changes to SS11/13:

(a) to remove the following references to EBA processes that no longer apply in the UK:

o references in paragraphs 1.6 and 12.36 to ongoing and planned EBA Binding Technical Standards;

o the reference in paragraph 1.4 to the joint decision process between the PRA and other European Economic Area (EEA) regulators; and

o the reference in footnote 6 (to paragraph 11.6A) to passporting;