The PRA's approach to insurance business transfers - Statement of Policy

Published on 02 April 2015

This Statement of Policy (SoP) sets out the approach and expectations of the Prudential Regulation Authority (PRA) in relation to transfers of insurance business under Part VII of the Financial Services and Markets Act 2000 (FSMA), some insurance business transfers outside the United Kingdom and friendly society transfer of engagements and amalgamations. It is relevant to insurance firms and friendly societies authorised by the PRA.

Current version

Published 12 January 2022. Effective from 12 January 2022.

Statement of Policy ‘The Prudential Regulation Authority's approach to insurance business transfers’ – January 2022 (pdf) Opens in a new window

- Following PS1/22 ‘Insurance business transfers’

Past updates

Published 2 April 2015. Effective from 2 April 2015 (superseded on 12 January 2022 by January 2022 version).
- Statement of Policy ‘The Prudential Regulation Authority's approach to insurance business transfers’ – April 2015 (pdf) Opens in a new window
- First publication of SS.