The PRA has published questions and answers (Q&As) relating to the Solvency II Directive. The Q&As were collated at the PRA’s Solvency II industry briefings held on 12 December 2013 and cover the following issues:
- PRA’s supervisory statement on preparing for Solvency II;
- standard formula;
- early warning indicators;
- trialogue discussions during Q4 2012; and
- PRA’s approach for third country branches.