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PRA Regulatory Digest - UK Financial Services Regulatory News

The PRA published its February 2026 Regulatory Digest, highlighting key financial services regulatory news and publications. This includes consultations on securitisation reforms, rule changes for overseas prudential requirements, and updates to Solvency II rules, alongside a discussion paper on future banking data.

PRA Statement on 2028 Life Insurance Stress Test

The Prudential Regulation Authority (PRA) has issued a statement indicating its intent to launch the next Life Insurance Stress Test (LIST) exercise in January 2028. The PRA will engage with stakeholders throughout 2026 to refine the design and methodology based on lessons learned from the 2025 exercise.

Credit Union Service Organisations Policy Statement Feedback

The Prudential Regulation Authority (PRA) has published a policy statement providing feedback on responses to its consultation regarding Credit Union Service Organisations (CUSOs). This statement includes final policy amendments to the PRA Rulebook and updates to supervisory guidance, relevant to PRA-authorised credit unions.

Bank of England Weekly Report

The Bank of England published its weekly report on March 5, 2026, detailing the latest data on its assets and liabilities as of March 4, 2026. The report includes figures for sterling and foreign currency assets and liabilities, providing a snapshot of the Bank's financial position.

UK Business Price Growth and Inflation Expectations

The Bank of England's Decision Maker Panel survey for February 2026 shows realised annual own-price growth at 3.7%, unchanged from the previous month. Year-ahead own-price inflation expectations decreased slightly to 3.4%. The survey also noted a decrease in expected CPI inflation and a slight decline in realised wage growth.

UK MFI External Business Statistics Q4 2025

The Bank of England has published the UK MFI external business statistics for Q4 2025. This release incorporates updated country grouping conventions aligned with the Bank for International Settlements (BIS). External liabilities increased by $114.1 billion and claims by $109.5 billion in Q4 2025.

Bank of England Consultation on CCP Mobilisation Powers

The Bank of England has published a consultation paper outlining its proposed approach to using its requirements and permissions powers to facilitate the mobilisation of new Central Counterparties (CCPs). The consultation seeks feedback on how these powers will be applied to new CCPs entering the market.

Minor Changes to Employer Provided Benefits Policy

HM Revenue & Customs has published minor changes to employer-provided benefits policy and administration. This notice confirms updates related to measure numbers B25-11-062 and B25-11-063.

Advance Corporation Tax Reform

HM Revenue & Customs is reforming the Advance Corporation Tax (ACT) regime, repealing shadow ACT rules. This change allows unrelieved surplus ACT balances to be offset against Corporation Tax liabilities without restrictions, effective from April 1, 2026.

New £2.5 million allowance for property tax relief

New £2.5 million allowance for property tax relief