Governance and SMCR

PRA Rules

• Actuaries
• Audit Committee 
• Conditions Governing Business (Chapters 1-6)
• Third Country Branches – Conditions Governing Business 7
• Whistleblowing 
• Insurance – Allocation of Responsibilities 
• Insurance – Certification 
• Insurance – Conduct Standards
• Insurance – Fitness and Propriety 
• Insurance – Senior Management Functions
• Insurance – Senior Managers Regime – Applications and Notifications 
• Insurance – Senior Managers Regime – Transitional Provisions
• Key Function Holder – Notifications 
• Conduct Rules – Notifications
• Notifications (Chapter 11 – Conduct Rules)
• With-profits 

UK legislation

• System of Governance - Commission Delegated Regulation (EU) 2015/35 (Title I, Chapter XI) 
• Financial Services and Markets Act 2000 (Sections 59 to 71i)

Supervisory Statements and Statements of Policy

• Solvency II: External audit of, and responsibilities of the governing body in relation to, the public disclosure requirement (SS11/16)
• Solvency II: internal models – assessment, model change and the role of non-executive directors (SS17/16)
• Strengthening individual accountability in insurance (SS35/15)
• Corporate governance: Board responsibilities’ (SS5/16)
• Conditions, time limits and variations (Statement of Policy)
• The use of PRA powers to address serious failings in the culture of firms (Statement of Policy)

Other relevant material

Guidelines originally issued by European Supervisory Authorities should be read in conjunction with "Interpretation of EU Guidelines and Recommendations: Bank of England and PRA approach after the UK’s withdrawal from the EU" (Statement of Policy)

• Guidelines on System of Governance (EIOPA-BoS-14/253)
• Guidelines on the valuation of technical provisions (EIOPA-BoS-14/166)