Update 25 November 2016
SS17/15 was updated to reflect changes consulted on in CP20/16 ‘Solvency II: consolidation of Directors’ letters’. For an overview of updates made to SS17/15, please see Appendix 1.
Supervisory Statement 17/15 - November 2016
Published on 20 March 2015
This supervisory statement is of interest to all UK Solvency II firms and to the Society of Lloyd’s. In particular, it is relevant to firms that are considering applying for, or that have been granted approval to use, either the transitional measure on the risk-free interest rate or the transitional measure on technical provisions.
It sets out the calculation and application process to be used for these transitional measures, as specified in chapters 10 and 11 of the Solvency II Firms: Transitional Measures Part of the Prudential Regulation Authority Rulebook.
