6.1 This chapter sets out the PRA's proposals on the attestation to be provided by firms in respect of the MA. These proposals would require a senior manager at each affected firm to attest to the PRA on the sufficiency of the FS and the quality of the resulting MA generated by the assets in their MA portfolio(s). The proposals would also permit firms to increase the FS, where necessary, to ensure it covers all risks retained by the firm and hence ensure the TPs remain adequate.
6.2 The policy proposals in this chapter would introduce the following requirements:
• an attestation must be made to the PRA using standardised wording that is set out in the PRA Rulebook;
• an attestation must be given, for each MA portfolio within the firm, annually and additionally upon any material change in the firm's risk profile;
• the PRA senior management function holder (SMF) who holds the prescribed responsibility for the production and integrity of the firm's financial information, and its re
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