Regulatory Alerts2015-03-27
Added · Updated
PS15/8: Solvency II
The FCA and PRA publish final rules to transpose the Solvency II Directive into UK law, effective 1 January 2016. These regulations apply to most insurance and reinsurance firms, excluding those with gross premiums below €5m and technical provisions below €25m. Firms must prepare for compliance while supervisors engage with selected entities to ensure timely implementation.