The Prudential Regulatory Authority (PRA) releases a statement clarifying the PRA’s and the Financial Conduct Authority’s proposals for the application of the Senior Managers and Certification Regime to firms in the temporary permissions regime. The Financial Conduct Authority releases a statement to inform firms that the notification window for the temporary permissions regime is open. The European Insurance and Occupational Pensions Authority publishes its first Report on the Costs and Past Performance of insurance and pension products.