The prudential issues insurers must consider when entering into run-off, and for the duration of the run-off, are listed below.
We also refer firms to a letter we issued in July 2016 reminding firms of their continuing responsibilities in the way they interact with us when in run-off. The letter includes reference to Threshold Conditions, Fundamental Rules and the PRA Rulebook.
These requirements cover prudential issues only. For conduct issues, firms should contact the Financial Conduct Authority (FCA).