SS12/15 – Solvency II: Lloyd’s

Supervisory statement 12/15

First published on 20 March 2015

This supervisory statement is addressed to Lloyd’s. It sets out the Prudential Regulation Authority’s (PRA’s) expectations in relation to the application of certain parts of Solvency II to Lloyd’s, and expands upon the Lloyd’s Part of the PRA Rulebook.

SS12/15 sets out the PRA’s expectations regarding the following topics:
  • amendments to Trust deeds;
  • solvency capital requirement;
  • capital add-on; and
  • composites.

Supervisory Statement 12/15