July 22, 2019

Prudential Regulation Authority publishes CP16/19


Prudential Regulation Authority publishes CP16/19

22 July 2019

Solvency II: Group availability of subordinated liabilities and preference shares

In this consultation paper (CP), the Prudential Regulation Authority (PRA) sets out its proposed approach to the determination of the availability of subordinated liabilities and preference shares in group own funds, and its expectations of firms in presenting relevant analysis to the PRA. The Appendix sets out proposed amendments to Supervisory Statement (SS) 9/15 ‘Solvency II: Group supervision’ to reflect the proposed approach.

This CP is relevant to all insurance firms within the scope of group supervision under the Solvency II Directive and to the Society of Lloyd’s.
View Consultation Paper