1.10 The PRA received 28 responses to Chapter 7: Reporting and disclosure in CP12/23 and 18 responses to CP14/22. The responses covered a variety of themes split between the general and high-level, as well as technical comments seeking clarification to or suggesting specific areas of change within the proposed templates and instructions.
1.11 Most respondents were supportive of the PRA's aims to review the stock of EU-derived and PRA insurance reporting. The general comments reflected two key themes of reducing the information reported to the PRA and avoiding change to existing templates to reduce up front implementation costs. These comments called for a more ambitious scale of reporting deletions, publication of PRA use-cases for each template, avoiding amendments to existing templates and aligning to EU reporting requirements to reduce regulatory divergence costs.
1.12 Technical responses highlighted discrepancies between templates and instructions, sought greater clarification on h
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