PRA highlights restrictions on group own funds

Bank of England
Bank of England

European insurance groups will have to ensure capital instruments held in equivalent third-country undertakings comply with the Solvency II Directive in order to qualify as group own funds, according to a paper issued by the UK's Prudential Regulation Authority (PRA).

The document, 'Solvency II: an update on implementation', released on July 25, lays out the PRA's interpretation of Solvency II rules on the admissibility of group own funds items. Own funds are the capital used to satisfy Solvency

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: