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AI Summary of Implementation (paras. 1.28-1.30)

Version date: 13 December 2024 - onwards

Implementation (paras. 1.28-1.30)

Closed
13 March 2025

1.28 The proposed implementation date for the proposals in the CP is no earlier than the second half of 2026.

1.29 The PRA intends for firms to submit operational incident reports using the FCA's Connect portal. Connect is an online system hosted by the FCA which would enable firms to log in to complete the reports. The PRA notes this intention is based on its current analysis of technical reporting solutions and will continue to develop this approach ahead of the implementation date to ensure this is the most appropriate reporting platform.

1.30 The PRA intends for firms to submit an initial version of a register of information ('Register') of material third-party arrangements using the FCA's RegData platform and ensure that this is up to date at least on an annual basis. The PRA notes this intention is based on its current analysis of technical reporting solutions and will continue to develop this approach ahead of the implementation date to ensure this is the most appropriate reporting platform. The PRA proposes that the current process for how firms submit Notifications on material OATP arrangements would remain unchanged and should be submitted via electronic means.