The PRA has published a webpage with information for firms preparing for the implementation of the Solvency II Directive.

The PRA states that it has established a Solvency II regulatory reporting industry working group that will meet regularly until the implementation of the Solvency II Directive. The working group is intended to act as a forum for the PRA and industry representatives to discuss technical, practical and implementation challenges, but not issues of policy interpretation. The PRA intends to publish the notes from the working group’s meetings and any relevant materials within 14 working days of each meeting. It will also publish questions and answers before the implementation of the Solvency II Directive.

The PRA has also published the terms of reference for the working group, which were agreed following an introductory meeting on 7 November 2013. The first working group meeting will be held on 19 December 2013 with key items on the agenda including the use of extensible business reporting language.

View Preparing for Solvency II, 10 December 2013

View Terms of reference, 9 December 2013