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The Solvency 2 and Insurance (Amendment, etc.) (EU Exit) Regulations 2019

Draft. This instrument was laid in draft and may differ from the one made. Look for the made version under its title.

Draft 2019, ISBN 9780111177938

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Draft Regulations laid before Parliament under paragraph 1(1) of Schedule 7 to the European Union (Withdrawal) Act 2018, for approval by resolution of each House of Parliament.

Exiting The European Union

Financial Services

Made ***

Coming into force in accordance with regulation 1(2)

The Treasury make the following Regulations in exercise of the powers conferred by section 8(1) of the European Union (Withdrawal) Act 2018f1.

In accordance with paragraph 1(1) of Schedule 7 to the European Union (Withdrawal) Act 2018, a draft of these Regulations has been laid before and approved by a resolution of each House of Parliament.

Annotations to the whole text

Footnotes

f1

2018 c. 16.

Contents

  1. Part 1: General provision
  2. 1Citation and commencement
  3. Part 2: Power to make regulations in respect of the regulation of insurance and reinsurance firms
  4. 2Matters previously dealt with under the Solvency 2 Directive
  5. Part 3: Functions of the PRA
  6. 3Technical standards
  7. 4Provisions deemed as PRA rules
  8. Part 4: Amendment of primary legislation
  9. 5Amendment of the Financial Services and Markets Act 2000
  10. Part 5: Amendment of subordinate legislation
  11. 6Amendment of the Solvency 2 Regulations 2015
  12. 7Interpretation
  13. 8Supervision
  14. 9Groups
  15. 10Approvals
  16. Part 6: Amendments of retained direct EU legislation
  17. 11Amendments of Commission Delegated Regulation (EU) No 2015/35
  18. Part 7: Transitional provision
  19. 12Transitional provision in relation to approval of temporary models
  20. Signature
  21. Schedule 1: Matters in respect of which the Treasury may make regulations
  22. 13Paragraph 13
  23. 14Paragraph 14
  24. 15Paragraph 15
  25. 16Paragraph 16
  26. 17Paragraph 17
  27. 18Paragraph 18
  28. 19Paragraph 19
  29. 20Paragraph 20
  30. 21Paragraph 21
  31. 22Paragraph 22
  32. 23Paragraph 23
  33. 24Paragraph 24
  34. 25Paragraph 25
  35. 26Paragraph 26
  36. 27Paragraph 27
  37. 28Paragraph 28
  38. 29Paragraph 29
  39. 30Paragraph 30
  40. 31Paragraph 31
  41. 32Paragraph 32
  42. 33Paragraph 33
  43. 34Paragraph 34
  44. 35Paragraph 35
  45. 36Paragraph 36
  46. 37Paragraph 37
  47. 38Paragraph 38
  48. 39Paragraph 39
  49. 40Paragraph 40
  50. 41Paragraph 41
  51. 42Paragraph 42
  52. 43Paragraph 43
  53. 44Paragraph 44
  54. Schedule 2: Matters on which the PRA may make technical standards
  55. 45Paragraph 45
  56. 46Paragraph 46
  57. 47Paragraph 47
  58. 48Paragraph 48
  59. 49Paragraph 49
  60. 50Paragraph 50
  61. 51Paragraph 51
  62. 52Paragraph 52
  63. 53Paragraph 53
  64. 54Paragraph 54
  65. 55Paragraph 55
  66. 56Paragraph 56
  67. 57Paragraph 57
  68. 58Paragraph 58
  69. 59Paragraph 59
  70. 60Paragraph 60
  71. 61Paragraph 61
  72. 62Paragraph 62
  73. 63Paragraph 63
  74. 64Paragraph 64
  75. 65Paragraph 65
  76. 66Paragraph 66
  77. 67Paragraph 67
  78. 68Paragraph 68
  79. 69Paragraph 69
  80. Schedule 3: Provisions deemed to be PRA rules
  81. 70Paragraph 70
  82. 71Paragraph 71
  83. 72Paragraph 72
  84. 73Paragraph 73
  85. 74Paragraph 74
  86. 75Paragraph 75
  87. 76Paragraph 76
  88. 77Paragraph 77
  89. 78Paragraph 78
  90. 79Paragraph 79
  91. 80Paragraph 80
  92. 81Paragraph 81
  93. 82Paragraph 82
  94. 83Paragraph 83
  95. 84Paragraph 84
  96. 85Paragraph 85
  97. 86Paragraph 86
  98. 87Paragraph 87
  99. 88Paragraph 88
  100. 89Paragraph 89
  101. 90Paragraph 90
  102. 91Paragraph 91
  103. 92Paragraph 92
  104. 93Paragraph 93
  105. 94Paragraph 94
  106. 95Paragraph 95
  107. Explanatory note