Prudential Regulation Authority Rulebook

18.1

1. (1) When 2.1(1) or 2.1(2) applies, participating Solvency II undertaking that are firms or, if there are none, the relevant insurance group undertakings must disclose publicly, on an annual basis, a report on the solvency and financial condition at the level of the group. Reporting 3 to 6 apply with any necessary changes.
2. (2) Where a participating Solvency II undertaking that is a firm or the relevant insurance group undertakings (as appropriate) so decide, and subject to the agreement of the group supervisor, they may provide a single SFCR which must comprise the following:
1. (a) the information at the level of the group which must be disclosed in accordance with (1); and
2. (b) the information for any of the subsidiaries within the group which must be individually identifiable and disclosed in accordance with Reporting 3 to 6.

[Note: Art. 256 of the Solvency II Directive]