PRA enforcement process, statutory notices and publicity of regulatory action

Published by a UU��ֱ�� Financial Services expert

Practice notes

PRA enforcement process, statutory notices and publicity of regulatory action

Published by a UU��ֱ�� Financial Services expert

Practice notes

Financial Services Enforcement Database: This incorporates detailed information on all substantive FCA and PRA Final Notices and, where available, Decision Notices from 2014 to 2022. The Database, available here, may be searched and filtered by rule breach, keyword, sector, date, seriousness, aggravating and mitigating factors, financial penalty, and other actions such as appeals.

This Practice Note describes the Prudential Regulation Authority’s (PRA) administrative processes involved in supervisory intervention or enforcement action against a firm or individual. It sets out the formal process once PRA investigators have completed their investigation and made a recommendation to the PRA’s decision makers to impose enforcement or supervisory sanctions.

It details the operation of the PRA’s post-investigation administrative processes for reaching disciplinary decisions, the arrangements for the subjects of enforcement action to make representations to the regulators, the PRA’s processes around statutory notices (eg Supervisory Notices, Warning Notices, Decision Notices, Final Notices and Notices of Discontinuance) and the PRA’s approach to publicising statutory notices.

Like the enforcement process of the Financial Conduct Authority (FCA), the PRA’s enforcement process

Jurisdiction(s):

United Kingdom

Key definition:

Enforcement definition

What does Enforcement mean?

The action of compelling a party to comply with a judgment where it has not been complied with voluntarily and the time ordered for compliance has expired.

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