Regulator profile
PRA
Prudential Regulation Authority
Enforcement Regulator3 areas of regulation · 359 laws enforced · UK-wide
What PRA does
Part of the Bank of England. Prudentially regulates and supervises around 1,292 banks, building societies, credit unions, insurers, and major investment firms. Sets capital and liquidity requirements, assesses business models and governance. Works alongside FCA which handles conduct regulation.
Additional information
Dual-regulated firms need authorisation from both PRA and FCA. PRA focuses on safety and soundness, FCA on conduct and consumer protection.
Contact PRA
Types of regulation
Legal framework
Legislation that PRA directly enforces.
Primary legislation
- Credit Unions Act 1979 Act 1979
- Building Societies Act 1986 Act 1986
- BA 1987 Act 1987
- Financial Services and Markets Act 2000 Act 2000
- BSFMSTA 2007 Act 2007
- Banking Act 2009 (as amended) Act 2009
- CCBSCUA 2010 Act 2010
- FSA 2010 Act 2010
- Financial Services Act 2012 Act 2012
- Financial Services (Banking Reform) Act 2013 (strengthened depositor protection) Act 2013
- CUCCBS NI 2016 Act 2016
- FSA 2021 Act 2021
- Building Societies Act 1986 (Amendment) Act 2024 Act 2024
Secondary legislation
- The Banking Act 1987 (Exempt Transactions) (Amendment) Regulations 2000 UK Statutory Instrument 2000
- Financial Services and Markets Act 2000 (Appointed Representatives) Regulations 2001 UK Statutory Instrument 2001
- The Financial Services and Markets Act 2000 (Appointed Representatives) (Amendment) Regulations 2001 UK Statutory Instrument 2001
- The Financial Services and Markets Act 2000 (Carrying on Regulated Activities by Way of Business) Order 2001 UK Statutory Instrument 2001
- The Financial Services and Markets Act 2000 (Commencement No. 1) Order 2001 UK Statutory Instrument 2001
- The Financial Services and Markets Act 2000 (Commencement No. 2) Order 2001 UK Statutory Instrument 2001
- The Financial Services and Markets Act 2000 (Commencement No. 3) Order 2001 UK Statutory Instrument 2001
- The Financial Services and Markets Act 2000 (Commencement No. 4 and Transitional Provision) Order 2001 UK Statutory Instrument 2001
- The Financial Services and Markets Act 2000 (Commencement No. 5) Order 2001 UK Statutory Instrument 2001
- The Financial Services and Markets Act 2000 (Commencement No. 6) Order 2001 UK Statutory Instrument 2001
- ... and 336 more statutory instruments
Related legislation
Legislation connected to PRA's remit but not directly enforced — establishing Acts, amendments, referenced legislation, and context.
Establishing / enabling
-
Financial Services and Markets Act 2000 (PRA-regulated Activities) Order 2013
UK Statutory Instrument 2013 -
Financial Services and Markets Act 2000 (Threshold Conditions) Order 2013
UK Statutory Instrument 2013 -
Capital Buffers and Macro-prudential Measures Regulations 2025
UK Statutory Instrument 2025 -
Financial Services and Markets Act 2000 (Markets in Financial Instruments) (Amendment) Regulations 2025
UK Statutory Instrument 2025
Administered / monitored
-
Bank of England Act 1998
UK Act of Parliament 1998 -
Financial Services and Markets Act 2000 (Regulated Activities) Order 2001
UK Statutory Instrument 2001 -
The Financial Services and Markets Act 2000 (Controllers) (Exemption) (No. 2) Order 2001
UK Statutory Instrument 2001 -
Bank of England and Financial Services Act 2016
UK Act of Parliament 2016 -
FSMA 2023
UK Act of Parliament 2023
Referenced in enforcement
-
Solvency 2 Regulations 2015
UK Statutory Instrument 2015
Sectors regulated
Coverage area
UK-wide