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UK building societies see outdated guidance removed by PRA

( December 5, 2025, 11:25 GMT | Official Statement) -- MLex Summary: A supervisory statement on UK building societies’ treasury and lending activities has now been discontinued by the Prudential Regulation Authority. The watchdog said the requirements were prescriptive and no longer aligned with its objectives. The PRA said it would be able to ensure the soundness of building societies, “while withdrawing expectations that potentially limit [their] ability to compete and grow.”Statement is attached. ...

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