PS25/24: Ancillary Activities Test

The Prudential Regulation Authority issued Policy Statement PS25/24 to finalize the Ancillary Activities Test for firms seeking to carry out ancillary activities. This document establishes the regulatory framework and criteria that firms must satisfy to ensure their ancillary operations do not pose significant risks to their prudential standing. The policy statement was published on 19 December 2025 following a consultation period that ran from July to August 2025.

United Kingdom

Financial Conduct Authority

Consultation opened Read more about Consultation opened

03/07/2025

Consultation closed

28/08/2025

Policy Statement published

19/12/2025