Prudential Regulation Authority Rulebook

13.1

This Chapter applies only to UK banks and UK designated investment firms.

13.2

Firms must submit to the PRA quarterly (on a calendar year basis and not from a firm's accounting reference date), within six weeks of each quarter end, a Prudent Valuation Return in respect of its fair-value assessments.

13.3

Where a firm is a member of a consolidation group, the firm must comply with 13.2:

1. (1) on an individual consolidation basis if the firm has an individual consolidation permission, or on an unconsolidated basis if the firm does not have an individual consolidation permission; and
2. (2) separately, on the basis of the consolidated situation of the consolidation group.

13.4

Firms must submit the Prudent Valuation Return via electronic mail to prudentvaluationreturns@bankofengland.co.uk or via post or hand delivery to Regulatory Data Group, Statistics and Regulatory Data Division (HO5 A-B), Bank of England, Threadneedle Street, London EC2R 8AH; or via fax to the Regulatory Data Group of the Bank of England (020 7601 3334).