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Version status: To be revoked | Document consolidation status: Updated to reflect all known changes
Published date: 6 March 2015

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