Overseas Banks To Get 30 Days To Submit UK Returns

Law360, London (April 8, 2019, 3:29 PM BST) -- British branches of international lenders and investment companies could be required to submit returns to the Prudential Regulation Authority within 30 business days of the period that they are reporting on, the regulator said on Monday as it set out changes to the way it collects data.

The Prudential Regulation Authority has set out proposals for rules that would give international lenders 30 business days to submit information after the end of a reporting year about assets held at their U.K. branches. The data helps the PRA — the Bank of England's regulatory arm — understand how systemically important British branches of...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS