5 PRA annual report

5  PRA annual report

(1)     In Schedule 1ZB to FSMA 2000 (the Prudential Regulation Authority), paragraph 19 (annual report) is amended as follows.

(2)     After sub-paragraph (1) insert—

“(1A)     In the report the PRA must also report in general terms on—

(a)     the extent to which, in its opinion, ring-fenced bodies have complied with the ring-fencing provisions,

(b)     steps taken by ring-fenced bodies in order to comply

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