Solvency 2 Regulations 2015 [SI 2015 No. 575]

Comparing proposed amendment...


	Introductory Text
	Part 1 Citation, commencement and interpretation (ss. 1-2)
In force	Regulation 1 Citation and commencement
In force	Regulation 2 Interpretation
	Part 2 Supervision (ss. 3-9B)
In force	Regulation 3 Exercise of PRA and FCA functions
In force	Regulation 4 Review of capital add-ons
In force	Regulation 4A Non-compliance with solvency capital requirement and exceptional adverse situations
Revoked	Regulation 4B Duty to publish technical information
In force	Regulation 4C Powers in relation to Gibraltar undertakings
In force	Regulation 4D Procedure on the exercise of powers under regulation 4C
Omitted	Regulation 5 Passporting: notification of home state regulator
Omitted	Regulation 6 EIOPA: information
Omitted	Regulation 7 EIOPA and EBA: notifications
Omitted	Regulation 8 Other EEA States: information
Omitted	Regulation 9 Non-compliance with the minimum capital requirement: provision of information to other supervisory authorities
In force	Regulation 9A
In force	Regulation 9B
	Part 3 Groups (ss. 10-37)
	Chapter 1 Cases of application and scope (ss. 10-12)
In force	Regulation 10 Risk concentration and intra-group transactions
In force	Regulation 11 Equivalent provisions
Omitted	Regulation 12 Exclusion of undertaking from group supervision
	Chapter 2 Levels (ss. 13-14)
In force	Regulation 13 Supervision of parents and subgroups at national level: substantive powers
In force	Regulation 14 Supervision of parents and subgroups at national level: procedure
	Chapter 3 Group Solvency (ss. 15-23)
In force	Regulation 15 Supervision of group solvency and frequency of calculation
In force	Regulation 16 Choice of method
In force	Regulation 17 Inclusion of proportional share
In force	Regulation 18 Related undertakings: calculation of group solvency
In force	Regulation 19 Participating undertakings: calculation of group solvency
In force	Regulation 19A Gibraltar undertakings: calculation of group solvency
In force	Regulation 20 Internal models and capital add-ons
Omitted	Regulation 21 Subsidiaries: solvency capital requirement
Omitted	Regulation 22 Subsidiaries: non-compliance with the solvency and minimum capital requirements
Omitted	Regulation 23 Subsidiaries: revocation of approval for applying Articles 238 and 239 of the Solvency 2 Directive
	Chapter 4 Risk concentration and intra-group transactions (s. 24)
In force	Regulation 24 Supervision of risk concentration and intra-group transactions
	Chapter 5 Risk management and internal control (s. 25)
In force	Regulation 25 Supervision of system of governance
	Chapter 6 Measures to facilitate group supervision (ss. 26-34)
In force	Regulation 26 Rule for deciding the group supervisor
Omitted	Regulation 27 Exceptions to the rule for deciding the group supervisor
In force	Regulation 28 Duties of group supervisor
Omitted	Regulation 29 Cooperation and exchange of information between supervisory authorities
Omitted	Regulation 30 Consultation between supervisory authorities
Omitted	Regulation 31 Access to information
Omitted	Regulation 32 Verification of information
Omitted	Regulation 33 Group solvency and financial condition report
Omitted	Regulation 34 Enforcement measures
	Chapter 7 Third countries (ss. 35-36A)
In force	Regulation 35 Non-EEA solvency 2 parent undertakings: equivalence
In force	Regulation 36 Parent undertaking outside the United Kingdom: absence of equivalence
In force	Regulation 36A Parent undertakings outside the United Kingdom: levels
	Chapter 8 Mixed-activity insurance holding companies (s. 37)
In force	Regulation 37 Intra-group transactions
	Part 4 Approvals (ss. 38-58)
	Chapter 1 Procedure: applications (ss. 38-40)
In force	Regulation 38 Meaning of "approval", "group application" and "protected item"
In force	Regulation 39 Applications: eligibility, process, information and documents
Omitted	Regulation 40 Additional process: applications from groups and applications to more than one supervisory authority
	Chapter 2 Specific Approvals (ss. 41-54)
In force	Regulation 41 Verification that the Solvency 2 Directive does not apply
Revoked	Regulation 42 Matching adjustment
In force	Regulation 43 Volatility adjustment
In force	Regulation 44 Supervisory approval of ancillary own-funds
In force	Regulation 45 Eligible own funds for an intermediate insurance holding company
In force	Regulation 46 Classification of funds
In force	Regulation 47 Basic Solvency Capital Requirement
In force	Regulation 48 Models
In force	Regulation 49 Group applications
Omitted	Regulation 50 Third-country insurance undertakings: approval of supervision in more than one EEA State
Omitted	Regulation 51 Withdrawal of authorisation for third-country insurance undertakings authorised in more than one EEA State
Omitted	Regulation 52 Subsidiaries: application of Articles 238 and 239 of the Solvency 2 Directive
In force	Regulation 53 Transitional measures on risk-free interest rates
In force	Regulation 54 Transitional measures on technical provisions
	Chapter 3 Procedure: decisions, appeals and notices (ss. 55-57)
In force	Regulation 55 Decisions: written notices
In force	Regulation 56 Appeals
In force	Regulation 57 Publication of written notices
	Chapter 4 Rule waivers (s. 58)
In force	Regulation 58 Modification or waiver of rules
	Part 5 Amendments (ss. 59-60)
	Amendments (ss. 59-60)
In force	Regulation 59
In force	Regulation 60
	Schedule 1 Amendments to primary legislation
In force	Schedule 1, Part 1 Amendments to FSMA (paras. 1-18)
In force	Schedule 1, Part 2 Amendments to other primary legislation (paras. 19-26)
In force	Schedule 2 Amendments to secondary legislation
Omitted	Schedule 3 Parent undertakings outside the EEA: equivalence
Omitted	Schedule 4 Procedure for an application for a subsidiary to be subject to national law implementing Articles 238 and 239 of the Solvency 2 Directive
Omitted	Schedule 5 Procedure for group applications
	Signature
	Explanatory Note
	Explanatory Memorandum
	Impact Assessment

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