Non–Solvency II Firms – Transitional Measures

Export part as


Transitional Applications of Rules in Relation to Run-Off Firms


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.




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.