{
  "url": "https://openlegislation.uk/insurance-and-reinsurance-undertakings-prudential-requirements-transitional-provisions-and-consequential-amendments-regulations-2024/regulation-4/enacted",
  "json_url": "https://openlegislation.uk/insurance-and-reinsurance-undertakings-prudential-requirements-transitional-provisions-and-consequential-amendments-regulations-2024/regulation-4/enacted.json",
  "legislation": "uksi/2024/594",
  "legislation_title": "The Insurance and Reinsurance Undertakings (Prudential Requirements) (Transitional Provisions and Consequential Amendments) Regulations 2024",
  "legislation_url": "https://openlegislation.uk/insurance-and-reinsurance-undertakings-prudential-requirements-transitional-provisions-and-consequential-amendments-regulations-2024/enacted",
  "path": "regulation/4",
  "kind": "regulation",
  "number": "4",
  "heading": "Consequential amendments to the Solvency 2 Regulations 2015",
  "text": "(1) The Solvency 2 Regulations 2015 are amended as follows.\n(2) In regulation 53 (transitional measures on risk-free interest rates), in paragraph (2)(c), after “regulation 42” insert “, or on or after 30th June 2024, a permission given in accordance with section 138BA of FSMA and regulation 4 of the Insurance and Reinsurance Undertakings (Prudential Requirements) Regulations 2023”.\n(3) In regulation 54 (transitional measures on technical provisions), in paragraph (10), in Table 3, in the second column corresponding to condition 1, for “or 43” substitute “, a permission given in accordance with section 138BA of FSMA and regulation 4 of the Insurance and Reinsurance Undertakings (Prudential Requirements) Regulations 2023, or an approval granted under regulation 43”.\n(4) In regulation 58 (modification or waiver of rules), in paragraph (2) omit “42,”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "enacted",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 4 in force at 30.6.2024, see reg. 1(2)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "Regulation 54 was amended by S.I. 2023/1346."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2024/594/regulation/4",
    "retrieved_at": "2026-10-28T21:29:59.380747+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."
}