{
  "url": "https://openlegislation.uk/draft-insurance-and-reinsurance-undertakings-prudential-requirements-amendment-and-miscellaneous-provisions-regulations-2024/regulation-12",
  "json_url": "https://openlegislation.uk/draft-insurance-and-reinsurance-undertakings-prudential-requirements-amendment-and-miscellaneous-provisions-regulations-2024/regulation-12.json",
  "legislation": "ukdsi/2024/9780348263190",
  "legislation_title": "The Insurance and Reinsurance Undertakings (Prudential Requirements) (Amendment and Miscellaneous Provisions) Regulations 2024",
  "legislation_url": "https://openlegislation.uk/draft-insurance-and-reinsurance-undertakings-prudential-requirements-amendment-and-miscellaneous-provisions-regulations-2024",
  "path": "regulation/12",
  "kind": "regulation",
  "number": "12",
  "heading": "Amendments to the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001",
  "text": "(1) The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001 are amended as follows.\n(2) In regulation 2 (interpretation), after the definition of “prescribed disciplinary proceedings”, insert—\n““PRA rules” means the rules made by the PRA under the Act as they have effect from time to time;”.\n(3) After regulation 10C insert—\n“Disclosure of information in order to publish a stress test in relation to insurance undertakings and reinsurance undertakings\n10D. The PRA or a person who is employed by the PRA may disclose confidential information if it is necessary to do so in order to publish the outcome of a stress test conducted in respect of an insurance undertaking, which is also a UK Solvency II Firm as defined by the PRA rules, or a reinsurance undertaking, which is also a UK Solvency II firm as defined by the PRA rules.”.\n(4) After regulation 12C insert—\n“Disclosure of information in order to publish a stress test in relation to insurance undertakings and reinsurance undertakings\n12D. The PRA or a person who is employed by the PRA may disclose confidential information if it is necessary to do so in order to publish the outcome of a stress test conducted in respect of an insurance undertaking, which is also a UK Solvency II Firm as defined by the PRA rules, or a reinsurance undertaking, which is also a UK Solvency II Firm as defined by the PRA rules.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 2001/2188. Regulation 10C was inserted by S.I. 2020/1406 and regulation 12C was inserted by S.I. 2003/2174."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2024/9780348263190/regulation/12",
    "retrieved_at": "2026-10-30T14:40:50.365115+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}