Skip to main content
  • This website sets cookies on your device. To find out more about how we use cookies please refer to our Privacy and Cookie Policy. By continuing to use the site, we’ll assume that you are content for us to set these on your device.
  • Close
Home > Prudential Regulation Authority > PRA publications - 1 November 2017
 

PRA publications - 1 November 2017

01 November 2017

​On Wednesday 1 November the Prudential Regulation Authority (PRA) issued a News Release alongside publication of Policy Statement (PS) 26/17 ‘Authorisation and supervision of insurance special purpose vehicles’  that contained materials relating to the authorisation and supervision of insurance special purpose vehicles (ISPVs), listed below:


The rules will be made and the SS and forms will be formally adopted once the Risk Transformation Regulations 2017 (RTR) have passed through Parliament. If this does not happen, the rules will not be made and the SS and forms will not be formally adopted by the PRA. The PRA does not expect there to be changes to the rules, SS and forms between now and formal adoption. If changes were to occur, the PRA will notify firms through issuing an addendum to this PS to explain any such changes.

The PRA also produced a dedicated webpage for entities wishing to undertake the regulated activity of Insurance Risk Transformation in the United Kingdom, which contains information and key regulatory documents relating to ISPVs.

Share