The following Insurance & Reinsurance practice note provides comprehensive and up to date legal information covering:
On 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise rules. Alongside the Rulebook, supervisory statements and statements of policy, facilitate a comprehensive understanding of the PRA’s requirements.
The Rulebook is divided up to cover three main sectors: banking and investment, insurance, and non-authorised persons, the first two sectors containing sub-sectors divided into directive and non-directive firms.
The Rulebook can be found here.
The three main Rulebook sectors are divided into the following sectors:
Banking and Investment Rules: Capital Requirements Firms (CRR Firms) and Non-Capital Requirements Firms (Non-CRR Firms)
Insurance Rules: Solvency II Requirements Firms (SII Firms) and Non-Solvency II Requirements Firms (Non-SII Firms)
Other Rules: Non-authorised persons
Insurers and reinsurers fall into Solvency II Requirements Firms (SII Firms) and Non-Solvency II Requirements Firms (Non-SII Firms). SII Firms insurance firms who
Free trials are only available to individuals based in the UK
Complete all the fields above to proceed to the next step.
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Take a free trial
Skeleton argumentsThis Practice Note provides guidance on the interpretation and application of the relevant provisions of the CPR. Depending on the court in which your matter is proceeding, you may also need to be mindful of additional provisions—see further below.Note: this Practice Note does not
Issue of redeemable sharesA limited company that proposes to issue redeemable shares must comply with the provisions of the Companies Act 2006 (CA 2006).Why do companies issue redeemable shares?A company may wish to issue redeemable shares so that it has an alternative way to return surplus capital
Capital allowances on property sales—pre-contract enquiriesThis Practice Note is about capital allowance-related pre-contract enquiries on a property transfer. It applies to the grant of a new property interest (eg a lease) as well as to the acquisition of an existing lease or freehold.For clauses
Sentencing fraud offences committed by individualsThe Sentencing Council (SC) has produced sentencing guidelines for fraud offences under the Fraud Act 2006 (fraud by false representation, fraud by failing to disclose information and fraud by abuse of position), false accounting under section 17 of
0330 161 1234