The Prudential Regulation Authority (PRA) has issued a statement which replaces previous guidance relating to coronavirus (COVID-19) measures for PRA-regulated firms, in light of updates from the UK government.
The PRA states that firms should continue to follow relevant guidance, including updates on GOV.UK/coronavirus, to ensure they comply with any restrictions.
This includes following advice on:
The PRA recommends that the chief executive officer senior management function (SMF1) is accountable for ensuring an adequate process for following and adhering to government guidance. For firms that do not have an SMF1 chief executive officer, this will be the most relevant member of the senior management team.
For any queries relating to PRA-regulated firms, the PRA asks firms to speak with their normal supervisory contact or email: keyworkersqueries@bankofengland.co.uk
Source: Statement by the PRA on COVID guidance for firms
Formed in 2017, following significant legislative changes designed to increase competition within the legal services marketplace, Pro Employment Law is a progressive set of barristers’ chambers, consisting only of experienced employment law barristers, offering a full range of specialist advisory, case management, and advocacy services directly to the public through the Public Access scheme. We supply our legal services exclusively in the area of Employment Law to clients located across England & Wales. All of the legal services we supply are covered by professional indemnity insurance with Bar Mutual.
Please contact us for a free, initial telephone consultation with a barrister.
In McMahon v AXA ICAS [2025] EAT 8, the EAT faced a number of issues on appeal around the payment due from a deduction of wages as well as a disability discrimination claim which was struck out by the employment tribunal. The respondent also cross-appealed a decision on deduction of wages, arguing that there was… >>
Where a claimant has failed to comply with the early conciliation (EC) requirement but the employment tribunal did not reject the claim under either Rule 10 or 12 of the ET Rules 2013 (now Rules 12 or 13 of the ET Rules 2024), the tribunal should not reject the claim at a later stage, eg… >>
In East Lancashire NHS Trust v Akram [2025] EAT 2, the EAT followed the approach set out by the Supreme Court in Chief Constable of the Police Service of Northern Ireland v Agnew [2024] IRLR 56 on how to calculate a day’s pay for holiday pay purposes. It explained that: • a person should receive… >>