Solvency II

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Solvency II guidance:

STOP PRESS: The Senior Managers and Certification Regime (SM&CR) was extended to insurers regulated by the FCA and PRA from 10 December 2018, replacing the Senior...

Practice Note

BREXIT: The UK is leaving the EU on exit day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance, see...

Practice Note

STOP PRESS: The Senior Managers and Certification Regime (SM&CR) was extended to insurers regulated by the FCA and PRA from 10 December 2018, replacing the Senior...

Practice Note

BREXIT: The UK is leaving the EU on exit day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance, see...

Practice Note

Purpose SYSC 12 in the Senior Management Arrangements, Systems and Controls sourcebook (SYSC) in the Financial Conduct Authority (FCA) Handbook sets out how the systems...

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Legal framework—outsourcing in the insurance sector The scope of this Practice Note is limited to outsourcing requirements applicable to firms subject to Solvency II...

Practice Note

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...

Practice Note

The Solvency II Directive (Directive 2009/138/EC)) (Solvency II) quick guide details current UK legislation, retained EU legislation and Financial Conduct Authority (FCA)...

Practice Note

BREXIT: The UK is leaving the EU on exit day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance, see...

Practice Note

BREXIT: The UK is leaving the EU on exit day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance, see...

Practice Note

Calculating regulatory capital requirements The minutiae of calculating regulatory capital requirements for insurers has always been something of a...

Practice Note

On 7 March 2016, the Senior Managers and Certification Regime (SM&CR) replaced the Approved Persons Regime (APER) in relation to UK banks, building societies, credit...

Practice Note

Solvency II is a European risk-based solvency capital regime which applies to insurance and re-insurance companies and came into force on 1 January 2016. It replaced...

Practice Note

BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance on...

Practice Note

Requirement to determine the Solvency Capital Requirement The requirements of the Solvency II framework that are established under the Solvency II...

Practice Note

This Practice Note aims to provide a brief overview of the key aspects of Solvency II related to group risk in relation to insurance groups. For more...

Practice Note

Solvency II—overview Solvency II is a framework for the taking-up of business and supervision of insurance and reinsurance undertakings (hereafter referred to as 'firms')...

Practice Note

BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance, see...

Practice Note

Background to the Solvency II framework Directive 2009/138/EC (SII Directive) was adopted by the Council of the European Union (EU) and the European...

Practice Note

Background to the Solvency II framework The requirements of the Solvency II framework are set out in principle in Directive 2009/138/EC (SII Directive),...

Practice Note

The requirements of the Solvency II framework (Solvency II) are set out in principle in Directive 2009/138/EC (SII Directive), as amended by Directive...

Practice Note

BREXIT: The UK is leaving the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance, see...

Practice Note