First published on 19 June 2014
Background
First published on 19 June 2014
Background
Published on 15 November 2024. Effective from 31 December 2024.
- Following PS15/24 – Review of Solvency II: Restatement of assimilated law
Published on 30 September 2015. Effective from 30 September 2015.
On 30 September 2015 the PRA updated Supervisory Statement 7/14 to provide greater clarity on the use of skilled persons in its supervisory approach. The update is intended to highlight that the power to commission reports by skilled persons is a discretionary supervisory tool and the use of skilled persons in an enforcement context is rare. Through the update the PRA also seeks to encourage firms to engage in dialogue with their supervisors before commissioning any external review on subject matters which may be of interest to the PRA to avoid the firm incurring unnecessary costs where the PRA also wishes to make use of skilled persons
Published on 19 June 2014. Effective from 19 June 2014.
First publication of SS.