Home / Financial Services

Legal News

PRA consults on solvent exit planning for insurers

Copyright © 2025 LexisNexis
Published on: 23 January 2024
Published by LNB News

LNB News 23/01/2024

Document Information

Issue Date: 23 January 2024

Published Date: 23 January 2024

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Prudential Regulation Authority (PRA) has published consultation paper CP2/24, Solvent exit planning for insurers, which aims to increase confidence that firms can exit the market in an orderly way, and without having to rely on the backstop of an insolvency or resolution process. All PRA-regulated insurers except for firms in passive run-off and UK branches of overseas insurers are in scope of the proposals in this CP. Responses are sought by 26 April 2024.

Powered by Lexis+®
Jurisdiction(s):
England, Northern Ireland, Scotland and Wales

Related documents:

1 Checklists
4 News
View More
1 Practice notes
6 Q&As
View More
Powered by Lexis+®

Related documents:

1 Checklists
4 News
View More
1 Practice notes
6 Q&As
View More

Popular documents

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

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