{"id":50240,"date":"2014-11-14T12:00:00","date_gmt":"2014-11-14T12:00:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=3b712fe9f89ab554a6410ac8c28f0f9e"},"modified":"2014-11-14T12:00:00","modified_gmt":"2014-11-14T12:00:00","slug":"news-story-hmrc-agrees-approach-to-information-sharing","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=50240","title":{"rendered":"News story: HMRC agrees approach to information sharing"},"content":{"rendered":"<div class=\"govspeak\">\n<p>HM Revenue and Customs (<abbr title=\"HM Revenue and Customs\">HMRC<\/abbr>), the Prudential Regulation Authority (<abbr title=\"Prudential Regulation Authority\">PRA<\/abbr>) and the Financial Conduct Authority (FCA) have published a letter and annex, sent to the <a href=\"https:\/\/www.gov.uk\/government\/ministers\/chancellor-of-the-exchequer\">Chancellor<\/a>, Andrew Tyrie and Lord Lawson, that sets out how they intend to share information and expertise within the existing rules.<\/p>\n<p>Read the <span class=\"attachment inline\" id=\"attachment_788571\"><br \/>\n  <a href=\"\/government\/uploads\/system\/uploads\/attachment_data\/file\/375157\/Branded_PCBS_Recommendation_100_Letter__Signed_.pdf\"><abbr title=\"HM Revenue and Customs\">HMRC<\/abbr>, <abbr title=\"Prudential Regulation Authority\">PRA<\/abbr> and FCA letter to the Chancellor 7 November 2014<\/a><br \/>\n  (<span class=\"type\"><abbr title=\"Portable Document Format\">PDF<\/abbr><\/span>, <span class=\"file-size\">327KB<\/span>, <span class=\"page-length\">7 pages<\/span>)<br \/>\n<\/span>.<\/p>\n<p>The agreement has been reached following the Parliamentary Commission for Banking Standards (PCBS) recommendations that:<\/p>\n<ul>\n<li>the Prudential Regulation Authority and Financial Conduct Authority (collectively \u201cthe Regulators\u201d) and <abbr title=\"HM Revenue and Customs\">HMRC<\/abbr> jointly publish a paper setting out how they intend to bring about sharing of information and expertise within the existing rules<\/li>\n<li>the <abbr title=\"Prudential Regulation Authority\">PRA<\/abbr> consider using its powers to commission reports on a specific function of a bank\u2019s business on behalf of <abbr title=\"HM Revenue and Customs\">HMRC<\/abbr>\n<\/li>\n<li>the National Audit Office undertake a periodic review of how effectively the <abbr title=\"Prudential Regulation Authority\">PRA<\/abbr> uses its powers to promote information sharing<\/li>\n<\/ul>\n<p>Regular meetings will take place between the three organisations to ensure the above recommendations are being progressed, with the first scheduled to take place during the first quarter of 2015.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>HMRC, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) agree approach to sharing of information and expertise.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/50240"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50240"}],"version-history":[{"count":1,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/50240\/revisions"}],"predecessor-version":[{"id":50257,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/50240\/revisions\/50257"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}