SS17/15 - Solvency II: transitional measures on risk-free interest rates and technical provisions

Supervisory statement 17/15
First published on 20 March 2015

Update: 25 November 2016

SS17/15 was updated to reflect changes consulted on in CP20/16 ‘Solvency II: consolidation of Directors’ letters’. For an overview of updates made to SS17/15, please see Appendix 1.

Supervisory Statement 17/15 - November 2016 

Published on 20 March 2015

This supervisory statement is of interest to all UK Solvency II firms and to the Society of Lloyd’s. In particular, it is relevant to firms that are considering applying for, or that have been granted approval to use, either the transitional measure on the risk-free interest rate or the transitional measure on technical provisions.

It sets out the calculation and application process to be used for these transitional measures, as specified in chapters 10 and 11 of the Solvency II Firms: Transitional Measures Part of the Prudential Regulation Authority Rulebook. 

Supervisory Statement 17/15 

Future version

Published on 15 November 2024. Effective from 31 December 2024.

- Following PS15/24 – Review of Solvency II: Restatement of assimilated law

A previous future version effective from 31 December 2024 was published on 28 February 2024 following PS2/24. That future version has been amended following PS15/24.

Past versions