Third Country Branches of International Insurers

PRA Rules, Waivers and Modifications by Consent

• Third Country Branches
• Actuaries
• 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 
• Whistleblowing
• Modification by consent for pure reinsurance branches (modification by consent)
• Modification by consent for third-country branches that write business relating to risks which are not located in the UK to modify certain rules relating to capital requirements (including technical provisions) and reporting requirements (modification by consent) 

UK legislation

• Citation, commencement and interpretation: The Solvency 2 Regulations 2015 (2015/575) (Part 1) 
• Applications: eligibility, process, information and documents: The Solvency 2 Regulations 2015 (2015/575) (Regulation 39) 
• Matching adjustment: The Solvency 2 Regulations 2015 (2015/575) (Regulation 42) 
• Volatility adjustment: The Solvency 2 Regulations 2015 (2015/575) (Regulation 43) 
• Supervisory approval of ancillary own-funds: The Solvency 2 Regulations 2015 (2015/575) (Regulation 44)
• Classification of funds: The Solvency 2 Regulations 2015 (2015/575) (Regulation 46) 
• Basic Solvency Capital Requirement: The Solvency 2 Regulations 2015 (2015/575) (Regulation 47)
• Models: The Solvency 2 Regulations 2015 (2015/575) (Regulation 48)
• Transitional measures on risk-free interest rates: The Solvency 2 Regulations 2015 (2015/575) (Regulation 53) 
• Transitional measures on technical provisions: The Solvency 2 Regulations 2015 (2015/575) (Regulation 54)
• Procedure: decisions, appeals and notices: The Solvency 2 Regulations 2015 (2015/575) (Part 4, Chapter 3)
• Rule waivers: The Solvency 2 Regulations 2015 (2015/575) (Part 4, Chapter 4)

Supervisory Statements and Statements of Policy

• Strengthening individual accountability in insurance (SS35/15)
• Solvency II: reporting and public disclosure options provided to supervisory authorities (SS40/15)
• Solvency II: third-country insurance and pure reinsurance branches (SS44/15)
• Solvency II: Prudent Person Principle (SS1/20)
• Solvency II: approvals (SS15/15)
• The PRA’s approach to the authorisation and supervision of insurance branches (Statement of Policy)
• Solvency II: reinsurance counterparty credit risk (SS20/16)

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 supervision of branches of third-country insurance undertakings (EIOPA-BOS 15/110)
• Guidelines on reporting and public disclosure (EIOPA-BoS-15/109)