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Application provision

1.1 Unless otherwise stated, this Part applies to:

  1. (1) a UK Solvency II firm;
  2. (2) the Society, in accordance with General Application 3
  3. (3) managing agents, in accordance with General Application 3; and
  4. (4) (in respect of 3.8 only) a UK ISPV.

3.1

01/01/2016

A firm must submit under Reporting 2.1 and 2.2 the regular supervisory report and annual quantitative templates required to be submitted in accordance with the Solvency II Regulations and the annual national specific templates under Reporting 2.6 and 2.8(1) by no later than:

  1. (1) 20 weeks after the firm’s financial year end in relation to its financial year ending on or after 30 June 2016 before 1 January 2017;
  2. (2) 18 weeks after the firm’s financial year end in relation to its financial year ending on or after 1 January 2017 but before 1 January 2018;
  3. (3) 16 weeks after the firm’s financial year end in relation to its financial year ending on or after 1 January 2018 but before 1 January 2019;
  4. (4) 14 weeks after the firm’s financial year end in relation to its financial year ending on or after 1 January 2019 but before 1 January 2020.

Additional Notes


[Note: Art. 308b (5) of the Solvency II Directive]

3.2

01/01/2016

A firm must disclose its SFCR under Reporting 3.1 by no later than:

  1. (1) 20 weeks after the firm’s financial year end in relation to its financial year ending on or after 30 June 2016 but before 1 January 2017;
  2. (2) 18 weeks after the firm’s financial year end in relation to its financial year ending on or after 1 January 2017 but before 1 January 2018;
  3. (3) 16 weeks after the firm’s financial year end in relation to its financial year ending on or after 1 January 2018 but before 1 January 2019;
  4. (4) 14 weeks after the firm’s financial year end in relation to its financial year ending on or after 1 January 2019 but before 1 January 2020.

Additional Notes


[Note: Art. 308b (6) of the Solvency II Directive]

3.3

01/01/2016

A firm must submit under Reporting 2.1 and 2.2 the quarterly quantitative templates required to be submitted in accordance with the Solvency II Regulations and the quarterly national specific templates under Reporting 2.8(2) by no later than:

  1. (1) 8 weeks related to any quarter ending on or after 1 January 2016 but before 1 January 2017;
  2. (2) 7 weeks related to any quarter ending on or after 1 January 2017 but before 1 January 2018;
  3. (3) 6 weeks related to any quarter ending on or after 1 January 2018 but before 1 January 2019;
  4. (4) 5 weeks related to any quarter ending on or after 1 January 2019 but before 1 January 2020.

Additional Notes


[Note: Art. 308b (7) of the Solvency II Directive]

3.4

01/01/2016

Where Group Supervision 2.1(1) or (2) applies, the submission under Group Supervision 17.3 of the group regular supervisory report and annual quantitative templates required to be submitted in accordance with the Solvency II Regulations must be made by no later than:

  1. (1) 26 weeks after the financial year end of the participating Solvency II undertaking, ultimate insurance holding company or ultimate mixed financial holding company in relation to its financial year ending on or after 30 June 2016 but before 1 January 2017;
  2. (2) 24 weeks after the financial year end of the participating Solvency II undertaking, ultimate insurance holding company or ultimate mixed financial holding company in relation to its financial year ending on or after 1 January 2017 but before 1 January 2018;
  3. (3) 22 weeks after the financial year end of the participating Solvency II undertaking, ultimate insurance holding company or ultimate mixed financial holding company in relation to its financial year ending on or after 1 January 2018 but before 1 January 2019;
  4. (4) 20 weeks after the financial year end of the participating Solvency II undertaking, ultimate insurance holding company or ultimate mixed financial holding company in relation to its financial year ending on or after 1 January 2019 but before 1 January 2020.

Additional Notes


[Note: Art. 308b (8) of the Solvency II Directive]

3.5

01/01/2016

A participating Solvency II undertaking that is a firm or, if there are none, the relevant insurance group undertakings must disclose the solvency and financial condition at the level of the group under Group Supervision 18.1 by no later than:

  1. (1) 26 weeks after the financial year end of the participating Solvency II undertaking, ultimate insurance holding company or ultimate mixed financial holding company in relation to its financial year ending on or after 30 June 2016 but before 1 January 2017;
  2. (2) 24 weeks after the financial year end of the participating Solvency II undertaking, ultimate insurance holding company or ultimate mixed financial holding company in relation to its financial year ending on or after 1 January 2017 but before 1 January 2018;
  3. (3) 22 weeks after the financial year end of the participating Solvency II undertaking, ultimate insurance holding company or ultimate mixed financial holding company in relation to its financial year ending on or after 1 January 2018 but before 1 January 2019;
  4. (4) 20 weeks after the financial year end of the participating Solvency II undertaking, ultimate insurance holding company or ultimate mixed financial holding company in relation to its financial year ending on or after 1 January 2019 but before 1 January 2020.

Additional Notes


[Note: Art. 308b (8) of the Solvency II Directive]

3.6

01/01/2016

Where Group Supervision 2.1(1) or (2) applies, the submission under Group Supervision 17.3 of the quarterly quantitative templates required to be submitted in accordance with the Solvency II Regulations must be made by no later than:

  1. (1) 14 weeks related to any quarter ending on or after 1 January 2016 but before 1 January 2017;
  2. (2) 13 weeks related to any quarter ending on or after 1 January 2017 but before 1 January 2018;
  3. (3) 12 weeks related to any quarter ending on or after 1 January 2018 but before 1 January 2019;
  4. (4) 11 weeks related to any quarter ending on or after 1 January 2019 but before 1 January 2020.

Additional Notes


[Note: Art. 308b (8) of the Solvency II Directive]

3.7

01/01/2016

A firm must comply with the rules in:

  1. (1) Interim Prudential sourcebook for Friendly Societies Chapter 5; and
  2. (2) Interim Prudential sourcebook for Insurers Chapters 9 and 12

of the PRA Handbook as at 31 December 2015, as they were applicable to the firm (including any waiver) at that date, in respect of financial years ending on or before 29 June 2016.

3.8

01/01/2016

In respect of financial year ending on or before 29 June 2016, a UK ISPV must submit a copy of its annual audited financial statements within three months of its accounting reference date, but the report is only required if it was audited as a result of a statutory provision other than under FSMA.