Third Country Branches of International Insurers

Policies relating to third country branches of international insurers.
This page lists policies containing provisions specifically aimed at Third Country Branches of international insurers. All Insurance firms should have regard to the cross-cutting policies, policyholder protection and Run Off and Undertakings in Difficulty pages. 

PRA Rules, Waivers and Modifications by Consent

 

UK legislation

  • Citation, commencement and interpretation: The Solvency 2 Regulations 2015 (2015/575) (Part 1
  • Applications: eligibility, process, information and documents: The Solvency 2 Regulations 2015 (2015/575) (Regulation 39
  • Matching adjustment: The Solvency 2 Regulations 2015 (2015/575) (Regulation 42
  • Volatility adjustment: The Solvency 2 Regulations 2015 (2015/575) (Regulation 43
  • Supervisory approval of ancillary own-funds: The Solvency 2 Regulations 2015 (2015/575) (Regulation 44)
  • Classification of funds: The Solvency 2 Regulations 2015 (2015/575) (Regulation 46
  • Basic Solvency Capital Requirement: The Solvency 2 Regulations 2015 (2015/575) (Regulation 47)
  • Models: The Solvency 2 Regulations 2015 (2015/575) (Regulation 48)
  • Transitional measures on risk-free interest rates: The Solvency 2 Regulations 2015 (2015/575) (Regulation 53
  • Transitional measures on technical provisions: The Solvency 2 Regulations 2015 (2015/575) (Regulation 54)
  • Procedure: decisions, appeals and notices: The Solvency 2 Regulations 2015 (2015/575) (Part 4, Chapter 3)
  • Rule waivers: The Solvency 2 Regulations 2015 (2015/575) (Part 4, Chapter 4)

Supervisory Statements

  • Strengthening individual accountability in insurance (SS35/15)
  • Solvency II: reporting and public disclosure options provided to supervisory authorities (SS40/15)
  • Solvency II: third-country insurance and pure reinsurance branches (SS44/15)
  • International insurers: the Prudential Regulation Authority’s approach to branch authorisation and supervision (SS2/18)
  • Solvency II: Prudent Person Principle (SS1/20)
  • Solvency II: approvals (SS15/15)

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 supervision of branches of third-country insurance undertakings (EIOPA-BOS 15/110)
  • Guidelines on reporting and public disclosure (EIOPA-BoS-15/109)
This page was last updated 31 January 2023

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