# The Solvency 2 and Insurance (Amendment, etc.) (EU Exit) Regulations 2019, Paragraph 36


Specifying the following criteria for supervisory approval of special purpose vehicles—
(a) the scope of authorisation;
(b) mandatory conditions to be included in all contracts issued;
(c) fit and proper requirements of the persons running the special purpose vehicle;
(d) fit and proper requirements for shareholders or members having a qualifying holding in the special purpose vehicle;
(e) sound administrative and accounting procedures, adequate internal control mechanisms and risk-management requirements;
(f) accounting, prudential and statistical information requirements;
(g) solvency requirements.

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111177938/schedule/1/paragraph/36 (the official version)
Page: https://openlegislation.uk/draft-solvency-2-and-insurance-amendment-etc-eu-exit-regulations-2019/schedule-1/paragraph-36
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.