Prudential requirements for insurers and intermediaries

Copyright © 2025 LexisNexis

This overview is a guide to the Financial Services content within the Prudential requirements for insurers and intermediaries subtopic, with links to the appropriate materials. The subtopic focuses on the UK Solvency II regime which derives from Directive 2009/138/EC (the Solvency II Directive). For information about the EU Solvency II framework, see Insurance and reinsurance (EU Law)—overview.

Prudential requirements for insurers

The prudential regulation of insurers in the UK focuses predominantly on the solvency of insurers and the integrity and competence of their senior management and controllers.

Insurers are ‘dual-regulated’. This means that they are authorised and prudentially regulated and supervised by the Prudential Regulation Authority (PRA) and regulated for conduct purposes by the Financial Conduct Authority (FCA).

The PRA has a general objective to promote the safety and soundness of insurers to support the stability of the UK financial system. It also has an insurance objective: to contribute to the securing of an appropriate degree of protection for those who are, or might become, policyholders. For more information on the objectives of the PRA, see Practice Note: Prudential Regulation Authority—objectives and

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Existing user? Sign-in TAKE A FREE TRIAL
Powered by Lexis+®
Latest Financial Services News

FCA's Jessica Rusu speech highlights AI innovation and Nvidia collaboration

The Financial Conduct Authority (FCA) has published a speech delivered by its chief data, information and intelligence officer, Jessica Rusu, at London Tech Week 2025. The speech outlines the FCA's five-year strategy to deepen trust, rebalance risk, support growth, and improve lives through the use of artificial intelligence (AI) and industry collaboration, notably with Nvidia. Rusu noted that the FCA has established an AI Lab with four components— AI Sprint, AI Input Zone, AI Spotlight and the ‘Supercharged Sandbox’—to evaluate the risks and opportunities of AI in financial services. Rusu also noted the introduction of AI Live Testing which allows firms to test AI models in a controlled, live setting during development. The speech highlights that the collaboration with Nvidia will enhance the Digital Sandbox by providing advanced GPU tools, software, and training resources. This partnership aims to support innovative companies in developing, refining, and scaling AI models. The speech further notes that the FCA is modernising its internal processes by digitising regulatory procedures and streamlining legacy systems to support the growth and competitiveness of the UK financial services sector.

FCA publishes final rules for the PISCES sandbox to allow trading in private company shares

The Financial Conduct Authority (FCA) has published policy statement PS25/6, establishing the final rules for the Private Intermittent Securities and Capital Exchange System (PISCES)—a new platform where shares in private companies can be traded on an intermittent basis. The platform will be delivered through a sandbox approach, allowing the FCA to test the design before finalising a permanent regime in 2030. The sandbox is now open and prospective operators should apply to the FCA for a PISCES approval notice. Once approved they will be able to run intermittent trading events.

Financial Services—other developments (10/6/2025)

A round-up of other developments, which have not been covered in full by the LexisNexis Financial Services practical guidance team but may nevertheless be of interest.

FCA appoints Sarah Pritchard as new deputy chief executive

The Financial Conduct Authority (FCA) has appointed Sarah Pritchard as deputy chief executive to manage its expanding responsibilities, which now include oversight of the Payment Systems Regulator, regulation of stablecoin and crypto firms, and buy now pay later activities. Pritchard, who joined the FCA in June 2021, previously led the supervision, policy and competition division as well as the markets’ function, and has overseen reforms including the overhaul of the listing rules. In her new role, she will also be responsible for the FCA’s international work, supporting efforts to enhance UK growth and competitiveness.

View Financial Services by content type :  
News
Practice notes
Precedents
Q&As

Popular documents

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a

Glossary—Latin legal terms

Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin
If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Late payment penalties—inheritance tax

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

Contributory negligence in personal injury claims

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a

Glossary—Latin legal terms

Glossary—Latin legal terms

Glossary—Latin legal termsDespite attempts in recent years to simplify the language used in legal cases, there are still a number of Latin phrases commonly used in personal injury claims. The following Latin phrases are listed in alphabetical order:Latin