The Financial Services Enforcement Database incorporates detailed information on all substantive FCA and PRA Final Notices and, where available, Decision Notices from 2014 onwards. The Database may be searched and filtered by terms such as the regulator ‘PRA’ and/or by the type of statutory notice, keyword, rule breach, sector, date, seriousness, aggravating and mitigating factors, financial penalty, public censure, prohibition and other actions such as referrals to the Upper Tribunal.

This Practice Note describes the operation of the Prudential Regulation Authority’s (PRA) formal administrative processes under the Financial Services and Markets Act 20000 (FSMA 2000), in particular Part XXVI ‘Notices’, and relevant statements of policy and procedure, for reaching decisions in the form of supervisory interventions, such as the variation or imposition of requirements, or formal enforcement action, such as the imposition of a public censure or fine, against PRA-authorised firms or individuals. It outlines the PRA’s decision-making processes involved in issuing statutory notices under FSMA 2000 (eg Supervisory Notices, Warning Notices, and Decision