A Combined Approach To Long-Term Absence By The PRA And FCA

5th July 2021

The covid pandemic has created an environment where the long-term absence of senior management function folders has become a more significant issue. The FCA and PRA have collaborated on a new approach to help firms manage this, with a number of new rules introduced for dual and solo regulated firms earlier this month.

Changes have been made to both the FCA Handbook and the PRA Rulebook and these are explained in this article.

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  • Author : MGAA
  • 5th July 2021