The Prudential Regulation Authority (PRA) has published a Policy Statement (PS) to provide feedback to responses to Consultation Paper (CP) 13/19 ‘Occasional Consultation Paper’.

In PS21/19 the PRA sets out its final rules and guidance on issues consulted on in the following chapters of CP13/19:

  • Chapter 2: Solvency II: the quality of capital instruments.
  • Chapter 3: Solvency II: minor updates to supervisory statements.
  • Chapter 4: Regulatory reporting: discontinuation of FSA006.
  • Chapter 5: National specific templates.

Annexed to this are a number of Supervisory Statements outlining the PRAs expectations of firms in relation to:

  • subordinated guarantees and the quality of capital for insurers;
  • own funds;
  • completing regulatory reports
  • regulatory reporting internal model outputs; and
  • the quality of capital instruments.

View: PRA publishes PS21/19 responses to CP13/19 ‘Occasional Consultation Paper’ with updated Supervisory Statements