{
  "url": "https://openlegislation.uk/insurance-and-reinsurance-undertakings-prudential-requirements-regulations-2023",
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  "id": "uksi/2023/1347",
  "title": "The Insurance and Reinsurance Undertakings (Prudential Requirements) Regulations 2023",
  "short_title": "Insurance and Reinsurance Undertakings (Prudential Requirements) 2023",
  "long_title": "These Regulations, together with rules to be made by the Prudential Regulation Authority (“PRA”), restate some provisions of Articles 53 and 54 of Commission Delegated Regulation (EU) 2015/35 of 10th October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of insurance and reinsurance (Solvency II) (“Regulation 2015/35”) and some provisions of regulations 4B and 42 of the Solvency 2 Regulations 2015 (S.I. 2015/575), in some cases with modifications. Those provisions of Regulation 2015/35 and the Solvency 2 Regulations 2015 are revoked by section 1(1) of, and Schedule 1 to, the Financial Services and Markets Act 2023 (c. 29) and the revocations are due to come into force on 30th June 2024. The draft PRA rules are available at www.bankofengland.co.uk/prudential-regulation/publication/2023/september/review-of-solvency-ii-reform-of-the-matching-adjustment and from the PRA at the address given below, and are also due to come into force on 30th June 2024.",
  "citation": "S.I. 2023/1347",
  "type": "uksi",
  "year": "2023",
  "number": "1347",
  "version": "current",
  "date": "2023-12-07",
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  "valid_from": "2025-11-28",
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      "heading": "Matching adjustment",
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