Prudential Regulation Authority Rulebook

2.1

A firm or a relevant insurance group undertaking must ensure that the external auditor provides a report which includes an opinion about the relevant elements of the SFCR in accordance with 4.

2.2

The relevant elements of the SFCR are:

1. (1) Subject to (3), (4) and 4.2, the information that a firm and a group discloses pursuant to Article 296, 297, and 359(d) and (e) of the delegated act;
2. (2) Subject to (3), (4) and 4.2 and where appropriate, the following templates that are provided in the SFCR Implementing Technical Standard;
1. (a) S.02.01.02
2. (b) S.12.01.02
3. (c) S.17.01.02
4. (d) S.22.01.21
5. (e) S.22.01.22
6. (f) S.23.01.01
7. (g) S.23.01.22
8. (h) S.25.01.21
9. (i) S.25.01.22
10. (j) S.28.01.01
11. (k) S.28.02.01
12. (l) S.32.01.22
3. (3) Where the information in 2.2(1) and 2.2(2) is, or derives from, the SCR that information shall only be subject to external audit for firms calculating their SCR using the standard formula.
4. (4) Where the information in 2.2(1) and 2.2(2) is, or derives from, the group SCR that information shall only be subject to external audit for relevant insurance group undertakings calculating their group SCR using the standard formula.