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Valuator Requirements for Resolution Under FSR Act

The South African Reserve Bank Prudential Authority issued Prudential Communication 4 of 2026 establishing requirements for valuators appointed for resolution purposes under the Financial Sector Regulation Act, 2017. The communication sets out standards for independence, competence, governance, methodologies, information access, and reporting. Affected parties include valuators seeking appointment by the resolution authority and financial institutions subject to resolution proceedings.

Proposed Directive on Securitisation Vehicle Risk Disclosures

The South African Reserve Bank Prudential Authority issued Proposed Directive BA501 requiring issuer Special Purpose Institutions (SPIs) to disclose enhanced securitisation risk information. The directive replaces Directive 4 of 2017 and mandates that auditors include verification of Annexure A requirements in annual audits. Comments are being solicited on this proposed directive.

High Loan-to-Income Mortgage Lending Consultation

The Prudential Regulation Authority (PRA) has published Consultation Paper CP6/26 seeking views on proposed amendments to prudential requirements for high loan-to-income (LTI) mortgage lending. The consultation invites responses from mortgage lenders, trade associations, and other stakeholders by 1 July 2026. This is part of the PRA's ongoing review of its macroprudential toolkit to ensure the regulatory framework remains effective for managing systemic mortgage risk.

UK Financial Services Regulatory Digest - Operational Resilience Updates

The PRA published its March 2026 Regulatory Digest summarizing six final policy statements and one consultation covering operational resilience, resolution planning, disclosure requirements, and liquidity framework modernization. Key publications include PS7/26 on operational incident and third-party reporting, PS10/26 on resolution assessment thresholds, and CP5/26 on modernizing the liquidity policy framework.

FSCS Management Expenses Levy Limit 2026/27

The PRA published PS8/26 finalizing the FSCS Management Expenses Levy Limit (MELL) at £113 million for 2026/27. The limit comprises £108 million for ongoing operating costs and a £5 million unlevied reserve for unforeseen costs. All FSCS levy-paying PRA and FCA authorised firms are affected by this annual levy limit setting.

PRA Expectations for Bank Recovery Plans

The Bank of England's Prudential Regulation Authority (PRA) has updated its Supervisory Statement (SS) 9/17 on recovery planning for UK banks and other designated firms. The update, effective April 1, 2026, reflects current expectations and incorporates amendments from a related policy statement on recovery plan review frequency.

PRA Policy Statement on Resolution Assessment Threshold and Recovery Plans

The Bank of England's Prudential Regulation Authority (PRA) has issued a policy statement finalizing amendments to its resolution and recovery frameworks. The changes raise the retail deposit threshold for the Resolution Assessment to £100 billion and reduce the recovery plan review frequency for Small Domestic Deposit Takers to every two years.

Bank of England Amends MREL Reporting Templates

The Bank of England's Prudential Regulation Authority (PRA) has issued a policy statement finalizing amendments to MREL reporting templates for UK banks, building societies, and designated investment firms. These changes, which include amendments to MRL001 and MRL003 templates and the deletion of the MRL002 template, aim to reduce the reporting burden on firms.

Bank of England Policy Statement on Disclosure, Resolvability Resources, Capital Distribution

The Bank of England's Prudential Regulation Authority has issued a policy statement finalising proposals for Pillar 3 disclosures. This aims to provide clearer and more consistent information on firms' resolvability resources, capital distribution constraints, and the applicable disclosure regime, enhancing market discipline and confidence in orderly resolution.

Bank of England Consultation on Modernising Liquidity Policy Framework

The Bank of England's Prudential Regulation Authority has issued a consultation paper (CP5/26) proposing to modernise the liquidity policy framework for banks and building societies. The consultation seeks feedback on proposed changes to liquidity requirements and risk management.