FCA / PRA Handbook

On 2 August 2024, the FCA published Policy Statement 24/10 ‘Expansion of the Dormant Assets Scheme: second phase’ (PS24/10).

Introduction

The Dormant Assets Scheme (DAS) was initially set up to allow banks and building societies to pay dormant monies to an authorised reclaim fund, which would then put this money towards

Background

The Prudential Regulation Authority’s (PRA) published its Policy Statement “Review of Solvency II: Reform of the Matching Adjustment” (PS10/24) and the associated finalised rules and guidance[1] on 6 June 2024. This followed the publication of the PRA’s consultation paper in September 2023 and the enactment of The Insurance and

On 1 March 2024, the FCA published a portfolio letter which updates earlier portfolio letters issued in August 2022 and February 2023 covering the regulator’s alternatives supervisory strategy and asset management supervisory strategy respectively. The update reflects changes in the external risk environment and work that the FCA has completed since those letters, as well