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  3. Solvency Capital Requirement - Internal Models

Legal Instruments

Legal instruments shows a list of legal instruments that have been made by the PRA and published. They can be found on this page, or via the Bank of England’s Publications page.
  • Solvency Capital Requirement - Internal Models

Legal Instruments that change this Part Solvency Capital Requirement - Internal Models

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  • Published: 15/11/2024

PRA2024/11 - PRA Rulebook: Solvency II Reform Instrument 2024

Effective: 31/12/2024

  • Analysis of Change
  • Application and Definitions
  • Applications for Permission to Use Full and Partial Internal Models
  • Applications for Permission to Use Partial Internal Models
  • Changes to an Internal Model or Internal Model Change Policy
  • Documentation Standards
  • External Models and Data
  • Integration of Partial Internal Models
  • Integration Techniques for Partial Internal Models - General Provisions
  • Internal Model Safeguards
  • Non-Compliance of the Internal Model
  • Partial Internal Model Integration Technique 1
  • Partial Internal Model Integration Technique 2
  • Partial Internal Model Integration Technique 3
  • Partial Internal Model Integration Technique 4
  • Partial Internal Model Integration Technique 5
  • Permission to Use Full and Partial Internal Models
  • Profit and Loss Attribution [Deleted]
  • Responsibilities of the Firm’s Governing Body
  • Reversion to the Standard Formula
  • Statistical Quality Standards
  • Transitional Plan to Extend the Scope of the Model
  • Transitional Plan to Reduce the Scope of the Model
  • Use Test
  • Validation Standards

Policy Statement

  • PS15/24 - Review of Solvency II: Restatement of assimilated law
  • Published: 20/03/2015

PRA2015/15 - PRA Rulebook: Solvency II Firms: Solvency Capital Requirement - Internal Models Instrument 2015

Effective: 01/01/2016

  • Application and Definitions
  • Applications for Approval of Full and Partial Internal Models
  • Applications for Approval of Partial Internal Models
  • Approval of Full and Partial Internal Models
  • Calibration Standards
  • Changes to an Internal Model or Internal Model Change Policy
  • Documentation Standards
  • External Models and Data
  • Lloyd’s
  • Non-Compliance of the Internal Model
  • Profit and Loss Attribution
  • Responsibilities of the Firm’s Governing Body
  • Reversion to the Standard Formula
  • Statistical Quality Standards
  • Transitional Plan to Extend the Scope of the Model
  • Use Test
  • Validation Standards

Policy Statement

  • PS2/15 - Solvency II: A new regime for insurers

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