Overview
This Consultation Paper (CP) sets out the Prudential Regulation Authority’s (PRA) proposals to make minor amendments to UK Technical Standards (UKTS), PRA rules, supervisory statements (SS), Legacy Supervisory Statements (LSS), and a Statement of Policy (SoP).
The chapters in this CP are relevant to different types of firms, as follows:
- Chapter 2 – all UK Solvency II firms, including the Society of Lloyd’s and its managing agents, hereafter referred to as ‘UK insurers’.
- Chapter 3 – Capital Requirements Regulation (CRR) firms and CRR consolidation entities on an individual, consolidated, and where relevant, sub-consolidated basis (CRR Consolidation Entities). For the purposes of the application of the requirements on a consolidated basis, references to ‘firms’ include CRR consolidation entities.
- Chapter 4 (a) – banks, building societies, and PRA-designated investment firms.
- Chapter 4 (b) – Capital Requirements Regulation (CRR) firms and CRR Consolidation Entities. For the purposes of the application of the requirements on a consolidated basis, references to ‘firms’ include CRR consolidation entities.
- Chapter 4 (c) – banks, building societies, and PRA-designated investment firms.
- Chapter 5 – Capital Requirements Regulation (CRR) firms, CRR Consolidation Entities, and UK insurers.
- Chapter 6 – banks, building societies, and PRA-designated investment firms.
- Chapter 7 – banks, building societies, and PRA-designated investment firms.
- Chapter 8 - Capital Requirements Regulation (CRR) firms and CRR Consolidation Entities. For the purposes of the application of the requirements on a consolidated basis, references to ‘firms’ include CRR consolidation entities.