Prudential Regulation Authority Rulebook

1.1

Unless otherwise stated, this Part applies:

1. (1) to a UK Solvency II firm;
2. (2) to the Society in accordance with General Application 3; and
3. (3) at the level of a group, to which Group Supervision 2.1(1) or 2.1(2) applies and where the PRA is the group supervisor, to a relevant insurance group undertaking; and
4. (4) to an external auditor of such a firm or group.

1.2

This Part applies to a firm or a relevant insurance group undertaking, as the case may be, in respect of financial years ending on or after 15 November 2016.

1.3

In this Part, the following definitions shall apply:

delegated act

means Commission Delegated Regulation (EU) 2015/35 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II)

group supervisor

means (in relation to a group) the authority designated as group supervisor in relation to that group, in accordance with Article 247 of the Solvency II Directive.

relevant elements of the SFCR

means the templates and information in 2.2

SFCR Implementing Technical Standard

means Commission Implementing Regulation (EU) No. of 2015/2452 laying down implementing technical standards with regard to the procedures, formats and templates of the solvency and financial condition report according to Directive 2009/138/EC of the European Parliament of the Council