First published on 20 March 2015
This supervisory statement clarifies the PRA’s implementation of the Solvency II regime’s requirements in relation to supervisory reporting. The statement is addressed to all UK Solvency II firms and to Lloyd’s, and should be read alongside all relevant EU legislation, and the Reporting Part of the Prudential Regulation Authority (PRA) Rulebook.
- lists the reporting requirements that are subject to this exemption; and
- explains the steps a firm must take to apply for the exemption, and how the decision will be communicated to the firm.