3

Election to Notify Changes in Close Links on a Monthly Basis

3.1

A firm wishing to report changes in close links on a monthly basis must send a written notice of election to the firm’s usual supervisory contact at the PRA.

3.2

A firm wishing to cease reporting changes in close links on a monthly basis must send a written notice of that intention to its usual supervisory contact at the PRA at least one month before changing its close links reporting practice.