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COVID-19 Regulatory Actions and Developments Other RegulatoryDate: August 26, 2020, NEW! PRA Clarifies COVID-19 IFRS 9 and Capital Requirements, as Deferrals End The FCA published draft updated guidance
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Covid-19 pra statement is on the financial relief provided to individuals and businesses during the pandemic.
Entities that received financial relief during the pandemic are required to file covid-19 pra statement.
Covid-19 pra statement can be filled out online or through a designated form provided by the government.
The purpose of covid-19 pra statement is to track and report the impact of financial relief measures implemented during the Covid-19 pandemic.
Information such as the amount of financial relief received, the purpose of the relief, and the impact of the relief must be reported on the covid-19 pra statement.
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