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Version date: 29 February 2024 - onwards

Implementation feedback (paras. 2.19-2.24)

2.19 Respondents provided comments regarding how the PRA should go about implementing the policy proposals set out in both CP12/23 (nine respondents) and CP14/22 (ten respondents). Much of this related to the proposed effective date for specific reforms. Seven respondents to CP12/23 suggested that the PRA should implement template deletions and reporting deadline changes with immediate effect. Six respondents to CP12/23 made a similar point with respect to the RSR deletion and suggested options for how the PRA could accelerate the RSR deletion.

2.20 In addition, the PRA received responses to both CPs on the length of the implementation period for firms. While four respondents to CP12/23 welcomed the move to a single taxonomy, they suggested a longer implementation time would be needed for software providers and firms to make the required changes, and one respondent described the current timeline as highly ambitious. Similarly, in CP14/22, five respondents commented on the implementatio

Comparing proposed amendment...