Non-Directive firms

Under Solvency II, non-Directive firms in general, are those with gross premium income below €5 million and gross technical provisions of less than €25 million.

These are not the only criteria that determine whether a firm is out of scope of Solvency II and firms should therefore review Chapter 2 of the Insurance General Application Part of the PRA Rulebook where in doubt.


The new prudential regime for non-Directive firms came into effect on 1 January 2016, alongside the Solvency II regime.

Non-Directive firms are subject to the rules in the Non-Solvency II firms sector of the PRA Rulebook which came into effect on 1 January 2016.

Non-Directive firms are free to apply for authorisation under Solvency II (ie opt-in). In such cases, the rules that apply to Solvency II firms will apply to these firms.

Firms are strongly encouraged to use the 'Bank of England Electronic Data Submission' (BEEDS) portal to submit the required regulatory returns under the non-Directive firm regime.

We will liaise with the firm’s nominated principal user for all matters related to the BEEDS portal. Any firm wishing to make secure submissions via the BEEDS portal, that has not yet notified the Bank of England, should contact

Firms can also make submissions via email to

This page was last updated 31 January 2023