PRA Updates Waiver and Modification of Rules Webpage

PRA Updates Waiver and Modification of Rules Webpage

The Prudential Regulation Authority (PRA), responsible for prudential regulation and supervision of banks, building societies, and insurers in the UK, has updated its webpage detailing guidance on waivers and modifications of rules.
This update provides clarity for firms on how to seek deviations from standard regulatory requirements.
Such updates are crucial for financial institutions operating in the UK, as they impact compliance strategies and operational flexibility within the highly regulated financial services sector.

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