1.1 This Prudential Regulation Authority (PRA) Policy Statement (PS) provides feedback to responses to Consultation Paper (CP) 9/20 'Non-systemic UK banks: The PRA's approach to new and growing banks'. [July 2020] It also contains the PRA's final policy, as follows:

• a final Supervisory Statement (SS) 3/21 'Non-systemic UK banks: The PRA's approach to new and growing banks' (Appendix 1);

• an updated SS31/15 'The Internal Capital Adequacy Assessment Process (ICAAP) and the Supervisory Review and Evaluation Process (SREP)', containing a reference to SS3/21 in paragraph 5.25 (Appendix 2); and

• an updated Statement of Policy (SoP) 'The PRA's methodologies for setting Pillar 2 capital', containing a reference to SS3/21 in paragraph 9.45 (Appendix 3).