Non-Solvency II Firms – Governance Records
Application provision
1.1 Unless otherwise stated, this Part applies to:
- (1) a non-directive insurer; and
- (2) subject to 1.2, a Swiss general insurer.
6.1
01/01/2016
A firm must take reasonable care to make and retain adequate records of matters and dealings (including accounting records) which are the subject of requirements and standards under the regulatory system.
6.2
01/01/2016
6.3
01/01/2016
A firm must make and regularly update accounting and other records that are sufficient to enable the firm to demonstrate to the PRA:
(1) that the firm is financially sound and has appropriate systems and controls;
(2) the firm’s financial position and exposure to risk (to a reasonable degree of accuracy); and
(3) the firm’s compliance with applicable rules.
6.4
01/01/2016
6.5
01/01/2016
6.6
01/01/2016