Guidance

SS6/15 – Solvency II: the internal model treatment of participations

Chapter

Solvency capital requirement

Printed on: 29/06/2025

Rulebook at: 26/04/2025

3

Solvency capital requirement

3.1

For the avoidance of doubt, this supervisory statement does not relate to the calculation of the group SCR. The calculation of group own funds takes account of obstacles to transferring resources between entities,[4], meaning that these obstacles do not need to be reflected in the group SCR.

  • 4. See Group Supervision 9.4 - 9.4E and paragraphs 3.12 to 3.14 of SoP – The PRA’s approach to insurance group supervision which set out the PRA’s policy on modifications to 9.4A. Further guidance is also contained within SS9/15 5B.1.
  • 31/12/2024

3.2

This statement relates only to the calculation of the solo SCR. Since the determination of own funds at a solo level does not consider obstacles to transferring resources between entities, it is the PRA’s view that any such obstacles should be reflected in the calculation of the solo SCR.

  • 20/03/2015