Regulatory AlertsPS17/13: Investment and corporate banking: prohibition of restrictive contractual clauses
The Prudential Regulation Authority issued Policy Statement PS17/13 to prohibit restrictive contractual clauses in investment and corporate banking agreements. This regulation requires firms to implement necessary changes to their contractual practices to ensure compliance with the new standards. The deadline for firms to implement these changes was set for 3 January 2018, following a consultation period that closed in December 2016.
Share