| Guvnor

Enforced by: PRA
Status: In Force
Penalty ceiling: Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Financial Services Firm2

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Financial Services Firm — also bound by 167 other Acts

Commission Delegated Regulation (EU) No 231/2013 of 19 December 2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, general operating conditions, depositaries, leverage, transparency and supervision (Text with EEA relevance) 63 duties

Friendly Societies Act 1992 52 duties

Commission Delegated Regulation (EU) No 153/2013 of 19 December 2012 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to regulatory technical standards on requirements for central counterparties (Text with EEA relevance) 52 duties

The Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges , Clearing Houses and Central Securities Depositories ) Regulations 2001 50 duties

The Credit Unions (Northern Ireland) Order 1985 43 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

Introductory

0 of 1 section shown

1 other section in this Part — procedural and definitional

s.001 Citation, commencement and extent

Part 2

Prudential requirements

2 of 9 sections shown

s.004 Application of the matching adjustment Regulated

Meet conditions to use matching adjustment for insurance obligationsFinancial Services Firm

s.007 Calculation of risk margin Regulated

Calculate risk margin using the PRA formulaFinancial Services Firm

7 other sections in this Part — procedural and definitional

s.002 Interpretation of Chapter 1

s.003 PRA duty to publish technical information

s.005 Calculation of the matching adjustment

s.006 Calculation of fundamental spread

s.007 Power of PRA to make rules

s.007 Interpretation of Chapter 2

s.007 Power of PRA to make rules

Part 3

Enforcement and review

0 of 2 sections shown

2 other sections in this Part — procedural and definitional

s.008 PRA’s functions and powers under FSMA 2000

s.009 Review

Part 4

Overseas Insurance Regime

0 of 7 sections shown

7 other sections in this Part — procedural and definitional

s.010 Interpretation

s.011 Designation of overseas jurisdiction

s.012 Effect of designation: reinsurance contracts

s.013 Effect of designation: insurance group capital requirements calculation

s.014 Effect of designation: insurance group supervision

s.015 Overseas insurance regulations: procedure

s.016 Restatement of decisions

Help complying

Guvnor’s practical routes through this instrument.

2 more guides that reference this instrument

Insurer authorisation and prudential rules Access the Lloyd's of London insurance market

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.