Assets and liabilities other than Technical Provisions

Policies relating to the valuation and recognition of assets and liabilities other than Technical Provisions for Solvency 2 insurers.

PRA Rules

UK legislation

  • Valuation of assets and liabilities - Commission Delegated Regulation (EU) 2015/35 (Title I, Chapter II) 

Supervisory Statements

  • Solvency II: consistency of UK generally accepted accounting principles with the Solvency II Directive (SS38/15)
  • Solvency II: recognition of deferred tax (SS2/14)
  • Solvency II: the treatment of pension scheme risk (SS5/15)

Other relevant material

Guidelines originally issued by European Supervisory Authorities should be read in conjunction with "Interpretation of EU Guidelines and Recommendations: Bank of England and PRA approach after the UK’s withdrawal from the EU" (Statement of Policy)

  • Guidelines on recognition and valuation of assets and liabilities other than technical provisions (EIOPA-BoS-15/113)

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This page was last updated 31 January 2023