FCA Statement on the MoU with the Bank of England

We have published an updated Memorandum of Understanding (MoU) between the FCA and the Bank of England (when exercising its prudential regulation functions through the Prudential Regulation Authority).

The MoU which was first agreed in 2013, sets out the high-level framework the Prudential Regulation Authority and the FCA use to co-ordinate and co-operate in carrying out their respective responsibilities. It has been updated to reflect the expansion of the regulators’ remit and organisational changes since the MoU was first signed.

As part of this update, the title of the MoU has been changed to reflect the PRA becoming fully integrated into the Bank of England, following its de-subsidisation in March 2017.


Read MoU (PDF)