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Application provision

13.1 The changes to this rule are effective from 23:00 on 31/12/2020.

This Chapter applies to a disclosure of the SFCR by a firm or, as may be applicable, the report on solvency and financial condition at the level of the group by participating UK Solvency II firms or the relevant insurance group undertakings within the group, made in relation to the first two relevant financial years starting on or after the Solvency II implementation date.

13.1

31/12/2020

The changes to this rule are effective from 23:00 on 31/12/2020.

This Chapter applies to a disclosure of the SFCR by a firm or, as may be applicable, the report on solvency and financial condition at the level of the group by participating UK Solvency II firms or the relevant insurance group undertakings within the group, made in relation to the first two relevant financial years starting on or after the Solvency II implementation date.

13.2

31/12/2020

The changes to this rule are effective from 23:00 on 31/12/2020.

In the disclosure required by Reporting 3.1, a firm may, unless required under other legal or regulatory requirements, opt not to disclose the following separately when disclosing the amount of the MCR and SCR under Reporting 3.6:

  1. (1) the information referred to in Reporting 3.6(2) on any capital add-on imposed on the firm; and
  2. (2) the information referred to in Reporting 3.6(3) on any undertaking specific parameters.

Additional Notes


[Note: Art. 51(2) of the Solvency II Directive]

13.3

31/12/2020

The changes to this rule are effective from 23:00 on 31/12/2020.

In the disclosure required by Reporting 3.1 as applied to a group by Group Supervision 18.1, the participating UK Solvency II firms or, if there are none, the relevant insurance group undertakings may, unless required under other legal or regulatory requirements, opt not to disclose the following separately when disclosing the amount of the group SCR under Reporting 3.6:

  1. (1) the information referred to in Reporting 3.6(2) on any capital add-on imposed on the group; and
  2. (2) the information referred to in Reporting 3.6(3) on any parameters specific to the group.

Additional Notes


[Note: Art. 256(1) and 51(2) of the Solvency II Directive]