Cross-cutting policies

PRA Rules

Rulebook Parts below appear in the Solvency II and non-Solvency II firms sectors of the PRA rulebook. To avoid duplication, links are provided to the Solvency II firms sector of the rulebook.

• Fundamental Rules
• Auditors
• General Provisions
• Change in Control
• Close Links
• Fees
• Information Gathering
• Insurance General Application
• Interpretation
• Notifications
• Permissions and Waivers
• Use of Skilled Persons

UK legislation

• Threshold Conditions – as defined in s55B and Schedule 6 of the Financial Services and Markets Act 2000

Supervisory Statements and Statements of Policy

• Outsourcing and third party risk management (SS2/21)
• PRA approach to interpreting reporting and disclosure requirements and regulatory transactions forms (SS2/19)
• Corporate governance: Board responsibilities (SS5/16)
• Strengthening individual accountability in insurance (SS35/15)
• Whistleblowing in deposit-takers, PRA-designated investment firms and insurers (SS39/15)
• Liquidity risk management for insurers (SS5/19)
• The Prudential Regulation Authority's (PRA's) approach to schemes of arrangement proposed by PRA-authorised insurers under Part 26 of the Companies Act 2006 (SS3/14)
• Fees: PRA approach and applications (SS3/16)
• Reports by skilled persons (SS7/14)
• Insurance - general application (SS1/15)
• Aggregation of holdings for the purpose of prudential assessment of controllers (SS33/15)
• The PRA's approach to insurance business transfers (Statement of Policy)
• The Bank's approach to enforcement: statements of policy and procedure (Statement of Policy)
• The use of PRA powers to address serious failings in the culture of firms (Statement of Policy)
• The financial stability information power (Statement of Policy)

Post EU withdrawal

• Non-binding PRA materials: The PRA’s approach after the UK’s withdrawal from the EU (SS1/19)
• Interpretation of EU Guidelines and Recommendations: Bank of England and PRA approach after the UK’s withdrawal from the EU (Statement of Policy)

For Solvency II firms

• General Provisions - Commission Delegated Regulation (EU) 2015/35 (Title I, Chapter I)