Reporting

PRA Rules, Waivers and Modifications by consent

• Reporting (Chapter 1, Chapter 2, Chapter 7 and Chapter 8), and associated Solvency II Reporting 2.2(1) - Modification by consent
• Solvency Capital Requirement – General Provisions (Chapter 4)
• Group Supervision (Chapter 5) 
• Minimum Capital Requirement (Chapter 4) 
• Permissions and Waivers (Chapter 4) 
• Third Country Branches (Chapter 9)

UK legislation

• Regular Supervisory Reporting requirements for solos – Commission Delegated Regulation (EU) 2015/35 (Title I, Chapter XIII) 
• Regular Supervisory Reporting requirements for groups – Commission Delegated Regulation (EU) 2015/35 (Title II, Chapter VI)  
• Structure Of The Solvency And Financial Condition Report And Regular Supervisory Report - Commission Delegated Regulation (EU) 2015/35 (Annex XX)

UK technical standards

• Supervisory reporting requirements - Commission Delegated Regulation (EU) 2015/2450, as amended, including by the Technical Standards (Solvency II Directive & Institutions for Occupational Retirement Provision Directive) (EU Exit) Instrument 2019, Annex K
• Supervisory reporting requirements of special purpose vehicles - Commission Delegated Regulation (EU) 2015/462, as amended, including by the Technical Standards  (Solvency II Directive & Institutions for Occupational Retirement Provision Directive) (EU Exit) Instrument 2019 Annex C and The Technical Standards  (Solvency II Directive) (EU Exit) (No.2) Instrument 2020, Annex A

Supervisory Statements

General expectations on reporting:

• Solvency II: Matching adjustment (SS7/18, in particular paragraph 8.1A and Appendix 1)
• Solvency II: Regulatory Reporting and exemptions (SS11/15)
• Solvency II: approvals (SS15/15)
• Solvency II: life insurance product reporting codes (SS36/15)
• Solvency II: reporting and public disclosure options provided to supervisory authorities (SS40/15)
• PRA approach to interpreting reporting and disclosure requirements and regulatory transactions forms after EU withdrawal (SS2/19 Chapter 4)

Capital assessment:

• Solvency II: Regulatory reporting internal model outputs (SS25/15)
• Solvency II: Internal model reporting codes and components (SS37/15)
• Solvency II: Changes to internal models used by UK insurance firms (SS12/16)
• Solvency II: Monitoring model drift and standard formula SCR reporting for firms with an approved internal model (SS15/16)
• Solvency II: internal models – assessment, model change and the role of non-executive directors (SS17/16)

UK specific templates

• Solvency II: Data collection of market risk sensitivities (SS7/17)
• Solvency II: National Specific Templates LOG files (SS6/18)

Application of EIOPA Guidelines in relation to reporting

• Solvency II: applying EIOPA's Set 1 guidelines to PRA-authorised firms (SS22/15)
• Solvency II: applying EIOPA Set 2, System of Governance and ORSA Guidelines (SS41/15)

Own Risk and Solvency Assessment (ORSA)

• Solvency II: ORSA and ultimate time horizon – non-life firms (SS26/15)
• Solvency II: ORSA (SS19/16)

Expectations by entity types

• Solvency II: third-country insurance and pure reinsurance branches (SS44/15)
• Solvency II: Group supervision (SS9/15)
• Authorisation and supervision of insurance special purpose vehicles (SS8/17)
• International insurers: the Prudential Regulation Authority’s approach to branch authorisation and supervision (SS2/18)

Other relevant material

Guidelines and Q&As originally issued by European Supervisory Authorities should be read in conjunction with "Interpretation of EU Guidelines and Recommendations: Bank of England and PRA approach after the UK’s withdrawal from the EU" (Statement of Policy)

EIOPA Guidelines

• Guidelines on the supervision of branches of third-country insurance undertakings (EIOPA-BoS-15/110)
• Guidelines on reporting and public disclosure (EIOPA-BoS-15/109)