Responses to CP18/17 Occasional Consultation Paper – Chapters 2 to 6, 9 and 10

Policy Statement 6/18
Published on 29 March 2018

Overview

This Prudential Regulation Authority (PRA) Policy Statement (PS) provides feedback to responses to Chapters 2 to 6, 9 and 10 of Consultation Paper (CP) 18/17 ‘Occasional Consultation Paper’ (the CP). It also includes the final rules and updated Supervisory Statement (SS) 13/13 ‘Market risk’, and SS36/15 ‘Solvency II: life insurance product reporting codes’ as set out in the appendices.

Appendix

CP18/17 Chapter

Rulebook Part / SS

1 Chapter 2: Conditions governing business – minor amendments Solvency II - Conditions Governing Business
2 Chapter 3: Market risk – Capital Requirements Directive (CRD) IV amendment Internal Capital Adequacy Assessment Part
3 Chapter 4: Amendments to Transitional Measures Part to correct references Transitional Measures Part
4 Chapter 5: Application requirements – Capital Requirement Regulation (CRR) and CRR amendments Various
5 Chapter 6: Whistleblowing in UK branches of non-EEA deposit takers General Organisational Requirements Part
6 Chapter 9: Application of EBA’s Guidelines on corrections to modified duration of debt instruments SS13/13
7 Chapter 10: Life insurance product reporting codes SS36/15

This PS is relevant to all PRA-authorised firms.

Implementation

The changes to the rules and SS’s in this PS will take effect from Friday 30 March 2018.

Appendices

  1. PRA RULEBOOK: SOLVENCY II FIRMS: CONDITIONS GOVERNING BUSINESS INSTRUMENT (AMENDMENT) 2018
  2. PRA RULEBOOK: CRR FIRMS: INTERNAL CAPITAL ADEQUACY ASSESSMENT (AMENDMENT) INSTRUMENT 2018
  3. PRA RULEBOOK: SOLVENCY II FIRMS: TRANSITIONAL MEASURES: REPORT ON FINANCIAL AND SOLVENCY CONDITIONS INSTRUMENT 2018
  4. PRA RULEBOOK: CRR FIRMS:  GROUPS (LEVEL OF APPLICATION) INSTRUMENT 2018
  5. PRA RULEBOOK: CRR FIRMS: WHISTLEBLOWING AMENDMENT INSTRUMENT 2018
  6. SS13/13 UPDATE ‘Market risk’
  7. SS36/15 UPDATE ‘Solvency II: life insurance product reporting codes’

Other prudential regulation releases

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