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Application number (for FCA/PRA use only) Grandfathering Notification Form (Form K) Solvency II firms only1 FCA Handbook Reference: SUP TP7 PRA Rule book Reference: PRA Rule book: Solvency II firms:
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Grandfathering notification form is a form submitted to notify authorities of certain existing arrangements or exemptions that are allowed to continue even after new rules or regulations have been implemented.
Entities or individuals who are eligible for grandfathering provisions as outlined in the new regulations are required to file grandfathering notification form.
Grandfathering notification form should be filled out accurately and completely with all required information as per the instructions provided by the regulatory authorities.
The purpose of grandfathering notification form is to inform authorities about pre-existing arrangements or exemptions that are allowed to continue despite the changes in regulations.
The information that must be reported on grandfathering notification form includes details of the existing arrangement or exemption, relevant dates, any conditions or limitations, and any supporting documentation.
The deadline to file grandfathering notification form in 2024 is typically specified in the new regulations or by the regulatory authorities, and it should be adhered to in order to avoid penalties.
The penalty for the late filing of grandfathering notification form can vary depending on the regulations, but it may include fines, loss of grandfathering status, or other consequences as outlined in the rules.
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