This supervisory statement sets out the Prudential Regulation Authority’s (PRA’s) expectations of firms in relation to surplus funds. The statement is addressed to all UK Solvency II firms which write with-profits insurance business and which are therefore required to calculate surplus funds. The statement should be read alongside all relevant EU legislation including the Solvency II Regulations and the relevant parts of the PRA Rulebook.
Published on
20 March 2015
Supervisory Statement 13/15 Future version
Published on 15 November 2024. Effective from 31 December 2024.
- Following PS15/24 – Review of Solvency II: Restatement of assimilated law