1: Overview

1.1 This Prudential Regulation Authority (PRA) final policy statement (PS) provides feedback to responses to consultation paper (CP) 14/22 – Review of Solvency II: Reporting phase 2 as well as Chapter 7: Reporting and disclosure in CP12/23 – Review of Solvency II: Adapting to the UK insurance market. This PS sets out the PRA’s final reporting and disclosure policy, and should be read in conjunction with PS2/24 – Review of Solvency II: Adapting to the UK insurance market, which sets out the PRA's final policy on other elements of Solvency UK policy. The rule instruments and policy material under both these PS’s however is near-final, as explained in paragraph 1.35. This PS contains the following near final rules and near-final policy material:

• amendments to the following parts of the PRA Rulebook (see Appendix 1):

  • External Audit Part of the PRA Rulebook;

  • Fees Part of the PRA Rulebook; and

  • Reporting Part of the PRA Rulebook;

• amendment and transfer to the

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