Guidance

SS11/15 – Solvency II: regulatory reporting and limitations

Chapter

Introduction

Printed on: 06/11/2024

Rulebook at: 02/02/2023

1

Introduction

1.1

This Supervisory Statement is addressed to all UK Solvency II firms and the Society of Lloyd’s. It should be read alongside all relevant onshored EU legislation, and the Reporting Part of the Prudential Regulation Authority (PRA) Rulebook. It clarifies the PRA’s expectations of the Solvency II regime’s requirements in relation to supervisory reporting.

  • 02/02/2023

1.2

In particular, this statement:

  • lists the reporting requirements that are subject to an exemption; and
  • explains the steps a firm must take to apply for an exemption, and how the decision will be communicated to the firm.
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1.3

[Deleted]
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1.4

[Deleted]
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1.5

Firms should also refer to:

  • Bank of England and PRA Statement of Policy ‘Interpretation of EU Guidelines and Recommendations: Bank of England and PRA approach after the UK’s withdrawal from the EU’[1];
  • Supervisory Statement (SS) 1/19 ‘Non-binding materials: The PRA’s approach after the UK’s withdrawal from the EU’[2]; and
  • Supervisory Statement (SS) 2/19 ‘PRA approach to interpreting reporting and disclosure requirements and regulatory transactions forms after EU withdrawal’.[3]
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1.6

Any reference to any provision of direct EU legislation is a reference to it as it forms part of retained EU law.

  • 02/02/2023