The Prudential Regulation Authority (PRA) makes this instrument in the exercise of its powers under sections 137G, 137T, and paragraph 31 of Part 3 of Schedule 1ZB of the Financial Services and Markets Act 2000. The PRA consulted the Financial Conduct Authority and published a draft of the proposed rules.
The instrument corrects errors in the PRA Rulebook: PRA Periodic Fees (2017/18). The corrections relate to periodic fees payable by various types of firms, including deposit acceptors, general insurers, life insurers, managing agents at Lloyd's, and firms dealing as principal.
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