UK Statutory Instrument
2023
United Kingdom
Insurance and Reinsurance Undertakings (Prudential Requirements) Regulations 2023
At a glance
Enforced by
What's here
2 practical guides
Relevant guidance
Practical guides for businesses affected by this Act, ordered by how closely they engage with it.
Supporting — topic alignment
1 guidesMentioned in related content
1 guidesWhat this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Browse 19 other sections — procedural / definitional / commencement
Citation, commencement and extent
Interpretation of Chapter 1
PRA duty to publish technical information
Application of the matching adjustment
Calculation of the matching adjustment
Calculation of fundamental spread
Power of PRA to make rules
Interpretation of Chapter 2
Calculation of risk margin
Power of PRA to make rules
PRA’s functions and powers under FSMA 2000
Review
Interpretation
Designation of overseas jurisdiction
Effect of designation: reinsurance contracts
Effect of designation: insurance group capital requirements calculation
Effect of designation: insurance group supervision
Overseas insurance regulations: procedure
Restatement of decisions
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
Prudential Regulation Authority
Part of the Bank of England. Prudentially regulates and supervises around 1,292 banks, building societies, credit unions, insurers, and major investment firms. …
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Regulators
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