The PRA has issued Supervisory Statement 4/13: Solvency II: applying EIOPA’s preparatory guidelines to PRA-authorised firms (SS4/13).
The purpose of SS4/13 is to set out the PRA’s expectations of firms during the preparatory phase for Solvency II in relation to the European Insurance and Occupational Pensions Authority’s (EIOPA) guidelines for the preparation of Solvency II.
SS4/13 applies when EIOPA’s guidelines come into effect, which is expected to be from 1 January 2014. The PRA anticipates that the statement will be withdrawn the day before Solvency II comes into force, expected to be on 1 January 2016.
View Solvency II: applying EIOPA’s preparatory guidelines to PRA-authorised firms, 12 December 2013