Section 138J(8A)

The requirement to provide the explanation referred to in subsection (2)(ba) does not apply in relation to any rules if— the PRA considers that the delay involved in complying with that requirement would— be prejudicial to the safety and soundness of PRA-authorised persons, or in a case where section 2C applies, be prejudicial to securing the appropriate degree of protection for policyholders, or the rules change existing rules and the changes consist of, or include, changes which, in the PRA’s opinion, are not material.

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Source: legislation.gov.uk · retrieved 2026-09-04