PRA · PS6/25 / Historical example
International firms: Updates to SS5/21 and branch reporting
Institution relevance
Relevant to PRA-authorised banks and designated investment firms headquartered outside the UK or belonging to an overseas group.
Implementation, as set out in PS6/25
SS5/21 changes took effect on 20 May 2025. Branch reporting changes took effect on 1 March 2026. Booking self-assessment timing is agreed with the firm’s PRA supervisory contact.
Suggested review steps
- Review the publication against your institution’s arrangements.
- Discuss applicable booking expectations with the relevant teams.
- Check reporting changes and supervisory timelines.
Illustrative internal review steps, not additional regulatory deadlines. Refer to current rules and subsequent updates when assessing obligations.