The PRA, S166s and Part VII transfers – a hostile move or sign of legacy market maturity?
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The PRA, S166s and Part VII transfers – a hostile move or sign of legacy market maturity?

Marcel Le Gouais
28 September 2021
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Initial reactions to the Prudential Regulation Authority’s (PRA) proposals to trigger section 166 (s166) reviews in certain Part VII transfers suggested the regulator was taking a hostile approach to legacy firms.

Now that acquirers and sellers have deciphered the regulator’s rationale, such concerns have evolved into more sanguine perspectives, after the PRA downplayed the frequency with which they would deploy one of its more daunting regulatory tools.

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Topics

Analysis Regulation London market Legacy PRA
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Marcel Le Gouais
Deputy Editor
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