Prudential Regulation Authority Rulebook

17

The PRA may impose the information requirement on a person without prior notice if it is satisfied that the information or documents to be provided or produced are required without delay. The PRA will determine whether to impose a information requirement without prior notice based on the facts of each case and after taking into account the information before it concerning:

1. (a) the nature of the risk to financial stability and whether the risk appears to be increasing rapidly;
2. (b) the extent of the risk to financial stability;
3. (c) whether it is fair to impose the requirement without notice; and
4. (d) whether the information sought may lead to prompt action by the PRA.

18

A person who receives a information requirement without prior notice should consider whether to contact the PRA concerning the requirement. The person should raise any proposal to make representations with the PRA as soon as possible.