Prudential Regulation Authority Rulebook

3.1

A firm making a matching adjustment permission application must confirm to the PRA in writing and submit, as a minimum, documentary evidence that demonstrates that the relevant portfolio of assets and relevant portfolio of insurance or reinsurance obligations, and, if the context requires, the firm, satisfies the matching adjustment eligibility conditions.

3.2

A firm that applies the matching adjustment to a relevant portfolio of insurance or reinsurance obligations must not revert back to the approach that does not include a matching adjustment.