Prudential Regulation Authority Rulebook

3.1

This Chapter applies to every firm that wishes to:

1. (1) have a new requirement imposed on it; or
2. (2) vary a requirement imposed on it; or
3. (3) cancel a requirement imposed on it.

3.2

The PRA directs that a firm other than a credit union wishing to make an application to impose, vary or cancel a requirement apply online using the form specified on the ONA system, unless otherwise advised by the PRA.

3.3

Where the ONA system fails and is unavailable for 24 hours or more, the PRA directs that a firm which is required to make an application under 3.2 make the application by using the relevant form on the PRA’s website and submit it using one of the alternative ways set out in Notifications 7.4.

3.4

The PRA directs that a credit union wishing to make an application to impose, vary or cancel a requirement submit the relevant form on the PRA’s website using one of the alternative ways set out in Notifications 7.4.