Prudential Regulation Authority publishes CP3/19

Prudential Regulation Authority publishes CP3/19

5 February 2019

Solvency II: Longevity risk transfers - simplification of pre-notification expectations

In this Consultation Paper (CP), the Prudential Regulation Authority (PRA) sets out its proposals to update Supervisory Statement (SS) 18/16 ‘Solvency II: longevity risk transfers’. It proposes to change its expectations for pre-notification of longevity risk transfers and hedge arrangements, and update the key risks the PRA considers arise from longevity risk transfers.
This CP is relevant to PRA-authorised UK firms that fall within the scope of the Solvency II Directive and to the Society of Lloyd’s.
View Consultation Paper

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