The Insurance and Reinsurance Undertakings (Prudential Requirements) (Risk Margin) Regulations 2023 (revoked)
These Regulations amend Articles 37 (calculation of the risk margin), 39 (cost-of-capital rate) and 312 (deadlines for submitting supervisory reports) of Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of insurance and reinsurance (Solvency II) (“Regulation 2015/35”) and regulation 54 of the Solvency 2 Regulations 2015 (S.I. 2015/575) (transitional measures on technical provisions).
Lifecycle
Department
Made
07 Dec 2023
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In force
31 Dec 2023
Enabling power
The Treasury make the following Regulations in exercise of the powers conferred by sections 3 and 84(2) of the Financial Services and Markets Act 2023.
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