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Home > Prudential Regulation Authority > Solvency II: supervisory approval for the volatility adjustment – SS23/15
 

Solvency II: supervisory approval for the volatility adjustment – SS23/15

01 June 2015

​Background

This supervisory statement is addressed to UK Solvency II firms and to Lloyd’s. It sets out the Prudential Regulation Authority’s (PRA’s) expectations of firms applying for permission to apply a volatility adjustment (VA). In particular, the statement clarifies:

  • the items that should be included in an application to use the VA;
  • how the PRA will use the content of applications to assess whether the statutory conditions for approval to use the VA have been satisfied; and
  • how the VA approval process will work.


​Supervisory Statement

Solvency II: supervisory approval for the volatility adjustment – SS23/15

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