Application provision

1.1 Unless otherwise stated, this Part applies to:

  1. (1) a UK Solvency II firm; and
  2. (2) in accordance with Insurance General Application 3, the Society, as modified by 6.



A firm must have procedures in place to identify deteriorating financial conditions and must immediately notify the PRA when such deterioration occurs.

Additional Notes

[Note: Art. 136 of the Solvency II Directive]