Financial Regulation International
SFA publishes board notice on PRR
Clifford Chance, London
The Securities and Futures Authority (SFA) has published Board Notice 558. This confirms Board Notice 551 which set out a
proposed amendment to the Position Risk Requirement (PRR) rules for collective investment schemes and the appropriateness
of a 165 PRR for eligible collective investment schemes, concluding that particular types of scheme attract a capital charge
of 8%.