Close menu

Application provision

1.1 Unless otherwise stated, this Part applies to:

1

Application and Definitions

1.1

01/01/2016

Unless otherwise stated, this Part applies to:

  1. (1) a run-off firm;
  2. (2) a non-directive insurer; and
  3. (3) a Swiss general insurer.

2

Transitional Applications of Rules in Relation to Run-Off Firms

2.1

01/01/2016

Notwithstanding the application rules, each Part in the Non-Solvency II Firms Sector of the PRA Rulebook applies to a run-off firm for so long as it remains a run-off firm as if the firm was a non-directive insurer and not a UK Solvency II firm.

3

Reporting

3.1

01/07/2016

A firm must comply with the rules in:

  1. (1) IPRU(FSOC) Chapter 5; and
  2. (2) IPRU(INS) 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 30 June 2016.