SoP6/25 – The PRA’s approach to Internal Model Method (IMM) permission under the Counterparty Credit Risk (CRR) Part
Why this matters
This regulatory update from the PRA is relevant to banks, building societies, and PRA-designated investment firms. It sets out the PRA's approach to considering applications from these firms to not apply or modify rules in the Counterparty Credit Risk (CRR) Part of the PRA Rulebook, which is related to prudential requirements and capital. The update is of medium urgency as it provides guidance on a specific regulatory process.
AI-generated classification rationale, not a full analysis. Verify with the original PRA source before acting. Full disclaimer.
What the PRA said
Statement of policy 6/25
Published by PRA . Read the full notice at the source for the authoritative text.
Context
Prudential Regulation Authority (PRA) — UK prudential regulator. We track 113 updates from them.
Financial services regulation in the UK, primarily overseen by the FCA and PRA. Browse all United Kingdom updates.
This update is classified under Prudential / Capital Requirements, Authorisation & Licensing, Banking & Credit and Capital Markets & Trading.