Bank of England publishes Capital Requirements Directive V (CRD V): Final policy

This Prudential Regulation Authority (PRA) Policy Statement (PS) provides the final policy to Consultation Paper (CP) 22/20 ‘Designation of firms within certain consolidation groups’. It also contains final PRA Rulebook instruments, Statements of Policy (SoP), Supervisory Statements (SS), and templates as published in near-final form in PS26/20 ‘Capital Requirements Directive V (CRD V)’, set out in the appendices to this PS.

This PS is relevant to UK banks, building societies, and PRA-designated investment firms, as well as UK financial holding companies, and UK mixed financial holding companies.

The CRD V final policy is available at

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