Regulatory Alerts2025-09-09
Amendments to the Prudential Rulebook (PRU)
The financial regulatory authority amends the Prudential Rulebook (PRU) to introduce new operational categories and detailed capital requirements for entities conducting fiat-referenced token intermediation, money remittance, and payment services. Authorized persons must calculate their capital requirements as the highest applicable base, expenditure-based, or variable threshold, with specific formulas tied to annual audited expenditure or monthly payment volumes. The amendments also update large exposure exclusions for client funding and intra-day transactions while establishing minimum CET1 capital floors ranging from 50,000 to 10 million USD across seven distinct business categories.
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