The Prudential Regulation Authority (PRA) has published the Bank of England’s Enforcement Decision Making Committee (EDMC) annual report covering 1 March 2024 to 28 February 2025, outlining the committee’s role as the independent decision-maker in contested enforcement cases and noting that its procedures were updated in November 2024 to reflect an expanded remit following the Financial Services and Markets Act 2023. No contested cases were concluded during the period, although a number of cases were still under consideration at the end of the reporting period. The EDMC met seven times and incurred total costs of GBP 22,015.26, comprising GBP 8,473.51 for case-related member reimbursements, GBP 8,818.75 for general member reimbursements and GBP 4,723 largely related to recruitment. No statutory notices were issued and no decision notices were referred to the Upper Tribunal. Membership stood at nine, including three members appointed in June 2024, and six members’ second terms were extended to align with five-year terms ending in 2026. A periodic review of feedback on three settled PRA enforcement cases identified no material issues and generated no recommendations to the Prudential Regulation Committee. Over the next 12 months, the EDMC will continue work on the ongoing cases and monitor the impact of its expanded remit. Recruitment will be considered ahead of the 2026 expiry of six members’ terms, and further non-case-specific meetings are scheduled during 2025.

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