Prudential Regulation Authority Rulebook

1.

Articles 6 to 21A of this Chapter apply to firms other than third country branch undertakings.

2.

Articles 23 to 36 of this Chapter apply to:

1. (a) firms or, where applicable, UK holding companies which are part of a group falling within Group Supervision 2.1(1) or Group Supervision 2.1(2), which are required to report information on a group to the PRA under the Group Supervision Part; and
2. (b) firms or, where applicable, UK holding companies which are part of a group under Group Supervision 2.1(3) in accordance with Group Supervision 20, which are required to report information on a group to the PRA under the Group Supervision Part.

3

Articles 37 to 50 of this Chapter apply to third country branch undertakings (other than Swiss general insurers).

4

Articles 4 and 4A of this Chapter do not apply to:

1. (1) information firms are required to submit to the PRA using the templates referred to in Article 21A; and
2. (b)  information third country branch undertakings are required to submit to the PRA using the templates referred to in Article 50.

1.

Firms and, where applicable, UK holding companies, must submit the information referred to in this Chapter in the appropriate data exchange formats and representations determined in accordance with this Reporting Part, as specified below:

1. (a) data points with the data type ‘monetary’ must be expressed in units with no decimals with the exception of templates IR.06.02, IR.08.01, and IR.11.01, which must be expressed in units with two decimals;
2. (b) data points with the data type ‘percentage’ must be expressed as per unit with four decimals;
3. (c) data points with the data type ‘integer’ must be expressed in units with no decimals;
4. (d) all data points must be expressed as positive values except in the following cases:
   1. (i) they are of an opposite nature from the natural amount of the item;
   2. (ii) the nature of the data point allows for positive and negative values to be reported; or
   3. (iii) a different reporting format is required by the respective instructions set out in the Annexes.

1.

For the purposes of this Chapter and Chapter 2, ‘reporting currency’ shall be:

1. (a) for individual reporting, the currency used for the preparation of the firm’s financial statements;
2. (b) for group reporting, the currency used for the preparation of the consolidated financial statements.

2.

Data points with the data type ‘monetary’ must be reported in the reporting currency, which requires the conversion of any other currency into the reporting currency unless otherwise stated in this Chapter.

3.

When expressing the value of any asset or liability denominated in a currency other than the reporting currency, the value must be converted into the reporting currency as if the conversion had taken place at the closing rate on the last day for which the appropriate rate is available in the reporting period to which the asset or liability relates.

4.

1. (a) When expressing the value of any income or expense, the value must be converted into the reporting currency using such basis of conversion as that used for accounting purposes.
2. (b) When expressing the values of historical data denominated in a currency other than the reporting currency, such values related to previous reporting periods must be converted into the reporting currency based on the closing rate on the last day of the period being reported for which the conversion rate is available.

5.

The conversion into the reporting currency must be calculated by applying the exchange rate from the same source as that used for the firm’s financial statements in the case of individual reporting or for the consolidated financial statements in the case of group reporting.

Firms and, where applicable, UK holding companies must re-submit as soon as practicable the information reported using the reports and templates referred to in this Chapter when the information originally reported has materially changed in relation to the same reporting period after the last submission to the PRA.

For the purposes of this Chapter, information to be submitted to the PRA in a report must be considered material where its omission or misstatement could influence the decision-making or judgement of the PRA, and changes to information submitted to the PRA in a report or template must be considered material if the change could influence the decision-making or judgement of the PRA.

[Note: Provision left blank]

1.

Firms must submit information to the PRA quarterly using the following templates (as applicable):

1. (a) template IR.01.01.02 of Chapter 9, specifying the content of the submission, following the instructions set out in section IR.01.01 of Chapter 10;
2. (b) template IR.01.02.01 of Chapter 9, specifying basic information on the firm and the content of reporting in general, following the instructions set out in section IR.01.02 of Chapter 10;
3. (c) template IR.02.01.02 of Chapter 9, specifying balance sheet information using the valuation in accordance with the valuation principles set out in the Valuation Part, following the instructions set out in section IR.02.01 of Chapter 10;
4. (d) template IR.05.03.02 of Chapter 9, specifying information on life income and expenditure following the instructions set out in section IR.05.03 of Chapter 10;
5. (e) template IR.05.04.02 of Chapter 9, specifying information on non-life income and expenditure, following the instructions set out in section IR.05.04 of Chapter 10;
6. (f) subject to Article 10(1)(b) of this Chapter, template IR.06.02.01 of Chapter 9, providing an item-by-item list of assets following the instructions set out in section IR.06.02 of Chapter 10;
7. (g) subject to Article 10(1)(e) of this Chapter, template IR.08.01.01 of Chapter 9, providing an item-by-item list of open positions of derivatives, following the instructions set out in section IR.08.01 of Chapter 10;
8. (h) template IR.12.01.02 of Chapter 9, specifying information on life technical provisions, following the instructions set out in section IR.12.01 of Chapter 10;
9. (i) template IR.17.01.02 of Chapter 9, specifying information on non-life technical provisions for each line of business, following the instructions set out in section IR.17.01 of Chapter 10; and
10. (j) [Note: Provision left blank];
11. (k) template IR.23.01.01 of Chapter 9, specifying information on own funds, following the instructions set out in section IR.23.01 of Chapter 10;
12. (l) [Note: Provision left blank];
13. (m) [Note: Provision left blank].

2.

When submitting the information referred to in points (h) and (i) of paragraph (1) of this Article, firms may apply simplified methods in accordance with the Technical Provisions and Technical Provisions – Further Requirements Parts of the PRA Rulebook in the calculation of the technical provisions.

3.

Firms using an internal model must submit to the PRA quarterly template QMC.01 of Chapter 9, specifying information on model changes and supporting qualitative information, in accordance with the instructions set out in section QMC.01 of Chapter 10.

1.

With regard to the information referred to in point (c) of Article 6(1), quarterly measurements may rely on estimates and estimation methods to a greater extent than measurements of annual financial data. The measurement procedures for the quarterly reporting must be designed to ensure that the resulting information is reliable and complies with the standards laid down in laws of the United Kingdom and that all material information that is relevant for the understanding of the data is reported.

2.

[Note: Provision left blank]

1.

Firms must submit information to the PRA semi-annually, subject to Article 10(1)(c)(i) of this Chapter, where the ratio of collective investments held by the firm to total investments is higher than 30% using template IR.06.03.01 of Chapter 9, providing information on the look-through of all collective investments held by the firm, following the instructions set out in section IR.06.03 of Chapter 10.

2.

For the purposes of paragraph 1 of this Article, the ratio of collective investments held by the firm to total investments must be determined by the sum of items C0010/R0180, collective investment undertakings included in item C0010/R0220 and collective investment undertakings included in item C0010/R0090 of template IR.02.01.02, divided by the sum of items C0010/R0070 and C0010/R0220 of template IR.02.01.02.

1.

Firms must submit information to the PRA annually using the following templates (as applicable):

1. (a) template IR.01.01.01 of Chapter 9, specifying the content of the submission, following the instructions set out in section IR.01.01 of Chapter 10;
2. (b) template IR.01.02.01 of Chapter 9, specifying basic information on the firm and the content of the reporting in general, following the instructions set out in section IR.01.02 of Chapter 10; and
3. (c) template IR.01.03.01 of Chapter 9, specifying basic information on the ring-fenced funds and matching adjustment portfolios, following the instructions set out in section IR.01.03 of Chapter 10.

1.

Firms must submit information to the PRA annually using the following templates (as applicable):

1. (a) template IR.02.01.01 of Chapter 9, specifying balance sheet information using the valuation in accordance with the valuation principles set out in the Valuation Part and the valuation following the firm’s financial statements, following the instructions set out in section IR.02.01 of Chapter 10;
2. (b) template IR.02.02.01 of Chapter 9, specifying information on assets and liabilities by currency, following the instructions set out in section IR.02.02 of Chapter 10;
3. (c) where any of the following conditions apply, template IR.03.01.01 of Chapter 9, specifying general information on off-balance sheet items, following the instructions set out in section IR.03.01 of Chapter 10:
   1. (i) the amount of either of the following values is higher than 2% of total assets as set out in template IR.02.01.01 of Chapter 9:
      1. (C0020/R0010) Value of guarantee/collateral/contingent liabilities - Guarantees provided by the firm, including letters of credit plus (C0020/R0300) Value of guarantee/collateral/contingent liabilities - Total collateral pledged plus (C0010/R0400) Maximum value - Total Contingent liabilities; or
      2. (C0020/R0030) Value of guarantee/collateral/contingent liabilities - Guarantees received by the firm, including letters of credit plus (C0020/R0200) Value of guarantee/collateral/contingent liabilities - Total collateral held;
   2. (ii) the firm has provided or received any unlimited guarantee;
4. (d) template IR.03.02.01 of Chapter 9, providing a list of off-balance sheet unlimited guarantees received, following the instructions set out in section IR.03.02 of Chapter 10;
5. (e) template IR.03.03.01 of Chapter 9, providing a list of off-balance sheet unlimited guarantees provided, following the instructions set out in section IR.03.03 of Chapter 10;
6. (f) template IR.05.02.01 of Chapter 9, specifying information on premiums, claims and expenses by country, applying the valuation and recognition principles used in the firm’s financial statements, following the instructions set out in section IR.05.02 of Chapter 10;
7. (g) template IR.05.03.01 of Chapter 9, specifying information on life income and expenditure, following the instructions set out in section IR.05.03 of Chapter 10;
8. (h) template IR.05.04.01 of Chapter 9, specifying information on non-life income, expenditure and business model analysis, following the instructions set out in section IR.05.04 of Chapter 10;
9. (i) template IR.05.05.01 of Chapter 9, specifying information on life premiums and claims by country, following the instructions set out in section IR.05.05 of Chapter 10;
10. (j) template IR.05.06.01 of Chapter 9, specifying information on non-life premiums and claims by country, following the instructions set out in section IR.05.06 of Chapter 10; and
11. (k) where life premiums (excluding unit-linked premiums) written in the most recent reporting year exceed £1 billion, template IR.05.10.01 of Chapter 9, specifying excess capital generation, following the instructions set out in section IR.05.10 of Chapter 10.

1.

Firms must submit information to the PRA annually using the following templates (as applicable):

1. (a) [Note: Provision left blank];
2. (b) where the firm is exempted from reporting template IR.06.02.01 of Chapter 9 in relation to the last quarter of the firm’s financial year in accordance with a direction given by the PRA under section 138A of FSMA, template IR.06.02.01 of Chapter 9, providing an item-by-item list of assets, following the instructions set out in section IR.06.02 of Chapter 10;
3. (c) where the firm:
   1. (i) is exempted from reporting template IR.06.03.01 of Chapter 9 in relation to the last half-year of the firm’s financial year in accordance with a direction given by the PRA under section 138A of FSMA; or
   2. (ii) has not reported it semi-annually because the ratio of collective investments held by the firm to total investments (as referred to in Article 7A(1) of this Chapter), is not higher than 30%,
   3. template IR.06.03.01 of Chapter 9, providing information on the look-through of all collective investments held by the firm, following the instructions set out in section IR.06.03 of Chapter 10;
4. (d) [Note: Provision left blank];
5. (e) where the firm is exempted from reporting template IR.08.01.01 in relation to the last quarter of the firm’s financial year in accordance with a direction given by the PRA under section 138A of FSMA, template IR.08.01.01 of Chapter 9, providing an item-by-item list of open positions of derivatives, following the instructions set out in section IR.08.01 of Chapter 10;
6. (f) [Note: Provision left blank];
7. (g) template IR.09.01.01 of Chapter 9, specifying information on income, gains and losses in the reporting period by asset category, following the instructions set out in section IR.09.01 of Chapter 10;
8. (h) where the value of the underlying securities, on and off-balance sheet, involved in lending or repurchase agreements, for contracts with maturity dates falling after the reporting reference date, represents more than 5% of the total investments as reported in items C0010/R0070 and C0010/R0220 of template IR.02.01.01, template IR.10.01.01 of Chapter 9, providing an item-by-item list of securities lending and repurchase agreements, on and off-balance sheet, following the instructions set out in section IR.10.01 of Chapter 10; and
9. (i) where the ratio of the value of assets held as collateral to total balance sheet as reported in items C0010/R0500 of template IR.02.01.01 exceeds 10%, template IR.11.01.01 of Chapter 9, providing an item-by-item list of assets held as collateral, consisting of all types of off-balance sheet asset categories held as collateral, following the instructions set out in section IR.11.01 of Chapter 10.

1.

Firms must submit information to the PRA annually using the following templates (as applicable):

1. (a) template IR.12.01.01 of Chapter 9, specifying information on life technical provisions, following the instructions set out in section IR.12.01 of Chapter 10;
2. (b) template IR.12.03.01 of Chapter 9, specifying information on life best estimate liabilities by country, following the instructions set out in section IR.12.03 of Chapter 10;
3. (c) template IR.14.01.01 of Chapter 9, specifying information on life obligations analysis including life insurance and reinsurance contracts and annuities stemming from non-life contracts, by product issued by the firm, following the instructions set out in section IR.14.01 of Chapter 10;
4. (d) template IR.16.01.01 of Chapter 9, specifying information on annuities stemming from non-life insurance obligations issued by the firm under direct insurance business, regarding all lines of business originating annuities and additionally by currency, following the instructions set out in section IR.16.01 of Chapter 10;
5. (e) template IR.16.02.01 of Chapter 9, specifying information on the projection of best estimate future cash flows of annuities stemming from non-life business, following the instructions set out in section IR.16.02 of Chapter 10;
6. (f) template IR.17.01.01 of Chapter 9, specifying information on non-life technical provisions by line of business, following the instructions set out in section IR.17.01 of Chapter 10;
7. (g) template IR.17.03.01 of Chapter 9, specifying information on non-life best estimate liabilities by country following the instructions set out in section IR.17.03 of Chapter 10;
8. (h) template IR.18.01.01 of Chapter 9, specifying information on the projection of future cash flows based on best estimate of the non-life business, following the instructions set out in section IR.18.01 of Chapter 10;
9. (i) template IR.19.01.01 of Chapter 9, specifying information on non-life insurance claims in the format of development triangles, for the total of each non-life line of business and additionally by currency, following the instructions set out in section IR.19.01 of Chapter 10;
10. (j) template IR.20.01.01 of Chapter 9, specifying information on the development of the distribution of the claims incurred at the end of the financial year for each line of business, following the instructions set out in section IR.20.01 of Chapter 10;
11. (k) template IR.21.02.01 of Chapter 9, specifying information on non-life underwriting risks, following the instructions set out in section IR.21.02 of Chapter 10; and
12. (l) template IR.21.04.01 of Chapter 9, specifying information on cyber underwriting risk, following instructions set out in section IR.21.04 of Chapter 10.

1.

Firms must submit information to the PRA annually using the following templates (as applicable):

1. (a) template IR.22.01.01 of Chapter 9, specifying information on the impact of the long term guarantees and transitional measures, following the instructions set out in section IR.22.01 of Chapter 10;
2. (b) template IR.22.04.01 of Chapter 9, specifying information on the interest rate transitional measure, following the instructions set out in section IR.22.04 of Chapter 10; and
3. (c) template IR.22.07.01 of Chapter 9, specifying information on the best estimate subject to volatility adjustment by currency, following the instructions set out in section IR.22.07 of Chapter 10.

1.

Firms must submit information to the PRA annually using the following templates (as applicable):

1. (a) template IR.23.01.01 of Chapter 9, specifying information on own funds, following the instructions set out in section IR.23.01 of Chapter 10;
2. (b) template IR.23.02.01 of Chapter 9, providing detailed information on own funds by tiers, following the instructions set out in section IR.23.02 of Chapter 10;
3. (c) template IR.23.03.01 of Chapter 9, specifying information on annual movements on own funds, following the instructions set out in section IR.23.03 of Chapter 10;
4. (d) template IR.23.04.01 of Chapter 9, providing a list of items on own funds, following the instructions set out in section IR.23.04 of Chapter 10; and
5. (e) template IR.24.01.01 of Chapter 9, specifying information on participations held by the firm and an overview of the calculation for the deduction from own funds related to participations in financial and credit institutions, following the instructions set out in section IR.24.01 of Chapter 10.

1.

Firms must submit information to the PRA annually using the following templates (as applicable):

1. (a) template IR.25.04.01 of Chapter 9, specifying information in relation to the calculation of the SCR, following the instructions set out in section IR.25.04 of Chapter 10;
2. (b) where the firm uses a full internal model or a partial internal model, template IR.25.05.01, specifying information in relation to the calculation of the SCR, following the instructions set out in section IR.25.05 of Chapter 10;
3. (c) template IR.25.06.01, specifying the SCR – loss-absorbing capacity of deferred taxes, following the instructions set out in IR.25.06 of Chapter 10;
4. (d) template IR.26.01.01 of Chapter 9, specifying information on market risk, following the instructions set out in section IR.26.01 of Chapter 10;
5. (e) template IR.26.02.01 of Chapter 9, specifying information on counterparty default risk, following the instructions set out in section IR.26.02 of Chapter 10;
6. (f) template IR.26.03.01 of Chapter 9, specifying information on life underwriting risk, following the instructions set out in section IR.26.03 of Chapter 10;
7. (g) template IR.26.04.01 of Chapter 9, specifying information on health underwriting risk, following the instructions set out in section IR.26.04 of Chapter 10;
8. (h) template IR.26.05.01 of Chapter 9, specifying information on non-life underwriting risk, following the instructions set out in section IR.26.05 of Chapter 10;
9. (i) template IR.26.06.01 of Chapter 9, specifying information on operational risk, following the instructions set out in section IR.26.06 of Chapter 10;
10. (j) template IR.26.07.01 of Chapter 9, specifying information on the simplifications used in the calculation of the SCR, following the instructions set out in section IR.26.07 of Chapter 10; and
11. (k) template IR.27.01.01 of Chapter 9, specifying information on SCR (non-life and health catastrophe risk), following the instructions set out in section IR.27.01 of Chapter 10.

2.

In relation to ring-fenced funds or matching adjustment portfolios, the templates referred to in points (d) to (k) of paragraph 1 are not required to be reported for the entity as a whole.

3.

Where a partial internal model is used, the templates referred to in points (d) to (k) of paragraph 1 are only required to be reported in relation to the risks covered by the standard formula.

4.

Where a full internal model is used, the templates referred to in points (d) to (k) of paragraph 1 are not required to be reported.

1.

Firms must submit information to the PRA annually using the following templates (as applicable):

1. (a) where firms carry on only long-term insurance business, or only general insurance business or reinsurance business, template IR.28.01.01 of Chapter 9, specifying information on the MCR, following the instructions set out in section IR.28.01 of Chapter 10;
2. (b) where firms carry on both long-term insurance business and general insurance business, template IR.28.02.01 of Chapter 9, specifying information on the MCR, following the instructions set out in section IR.28.02 of Chapter 10.

[Note: Provision left blank]

1.

Firms must submit information to the PRA annually using the following templates (as applicable):

1. (a) template IR.30.05.01 of Chapter 9, specifying reinsurer and collateral provider entity information, following the instructions set out in section IR.30.05 of Chapter 10;
2. (b) [Note: Provision left blank];
3. (c) template IR.30.03.01 of Chapter 9, specifying information on the outwards reinsurance contracts in the next reporting year covering information on outwards reinsurance facultative and treaty arrangements the period of validity of which includes or overlaps with the next reporting year, following the instructions set out in section IR.30.03 of Chapter 10;
4. (d) template IR.30.04.01 of Chapter 9, specifying information on reinsurer participations on outwards reinsurance contracts in the next reporting year covering information on outwards reinsurance facultative and treaty arrangements the period of validity of which includes or overlaps with the next reporting year, following the instructions set out in section IR.30.04 of Chapter 10;
5. (e) template IR.31.01.01 of Chapter 9, specifying information on outwards reinsurance balance sheet exposures, following the instructions set out in section IR.31.01 of Chapter 10;
6. (f) [Note: Provision left blank];
7. (g) template IR.30.06.01 of Chapter 9, specifying life outwards reinsurance summary, following the instructions set out in section IR.30.06 of Chapter 10;
8. (h) template IR.30.07.01 of Chapter 9, specifying life outwards reinsurance proportional cover, following the instructions set out in section IR.30.07 of Chapter 10; and
9. (i) template IR.30.08.01 of Chapter 9, specifying life outwards reinsurance non–proportional cover following the instructions set out in section IR.30.08 of Chapter 10.

1.

Firms must submit information in relation to each ring-fenced fund, each matching adjustment portfolio and the remaining part to the PRA annually using the following templates (as applicable):

1. (a) template IRR.01.01.01 of Chapter 9, specifying the content of the submission, following the instructions set out in section IR.01.01 of Chapter 10;
2. (b) template IRR.02.01.01 of Chapter 9, specifying balance sheet information using both the valuation in accordance with the valuation principles set out in the Valuation Part and the valuation following the firm's financial statements, following the instructions set out in section IR.02.01 of Chapter 10;
3. (c) template IRR.12.01.01 of Chapter 9, specifying information on life technical provisions, following the instructions set out in section IR.12.01 of Chapter 10;
4. (d) template IRR.17.01.01 of Chapter 9, specifying information on non-life technical provisions for each line of business following the instructions set out in section IR.17.01 of Chapter 10;
5. (e) template IRR.22.02.01 of Chapter 9, specifying information on the projection of future cash flows for the best estimate calculation by each matching adjustment portfolio, following the instructions set out in section IR.22.02 of Chapter 10;
6. (f) template IRR.22.03.01 of Chapter 9, specifying information on each matching adjustment portfolio, following the instructions set out in section IR.22.03 of Chapter 10;
7. (g) template IRR.25.04.01 of Chapter 9, specifying information in relation to the calculation of the notional SCR (ring-fenced funds, matching adjustment portfolios and remaining part), following the instructions set out in section IR.25.04 of Chapter 10;
8. (h) where the firm uses a full internal model or a partial internal model, template IRR.25.05.01 of Chapter 9, specifying information on the notional SCR (ring-fenced funds, matching adjustment portfolios, remaining part), following the instructions set out in section IR.25.05 of Chapter 10;
9. (i) [Note: Provision left blank];
10. (j) template IRR.26.01.01 of Chapter 9, specifying information on market risk, following the instructions set out in section IR.26.01 of Chapter 10;
11. (k) template IRR.26.02.01 of Chapter 9, specifying information on counterparty default risk, following the instructions set out in section IR.26.02 of Chapter 10;
12. (l) template IRR.26.03.01 of Chapter 9, specifying information on life underwriting risk, following the instructions set out in section IR.26.03 of Chapter 10;
13. (m) template IRR.26.04.01 of Chapter 9, specifying information on health underwriting risk, following the instructions set out in section IR.26.04 of Chapter 10;
14. (n) template IRR.26.05.01 of Chapter 9, specifying information on non-life underwriting risk, following the instructions set out in section IR.26.05 of Chapter 10;
15. (o) template IRR.26.06.01 of Chapter 9, specifying information on operational risk, following the instructions set out in section IR.26.06 of Chapter 10;
16. (p) template IRR.26.07.01 of Chapter 9, specifying information on the simplifications used in the calculation of the notional SCR, following the instructions set out in section IR.26.07 of Chapter 10;
17. (q) template IRR.27.01.01 of Chapter 9, specifying information on notional SCR (non-life and health catastrophe risk), following the instructions set out in section IR.27.01 of Chapter 10; and
18. (r) template IRR.05.03.01 of Chapter 9, specifying information on life income and expenditure following the instructions set out in section IR.05.03 of Chapter 10.

2.

Where a partial internal model is used, the templates referred to in points (j) to (q) are only required to be reported in relation to the risks covered by the standard formula.

3.

Where a full internal model is used, the templates referred to in points (j) to (q) are not required to be reported.

Firms with a matching adjustment permission must submit to the PRA annually templates MALIR 1 - MALIR 7 of Chapter 9, setting out portfolio metrics and detailed information on the assets and liabilities held in their matching adjustment portfolios, in accordance with the instructions set out in section MALIR of Chapter 10.

Firms using an internal model must submit to the PRA annually template AoC.01 setting out the analysis of change referred to in Solvency Capital Requirement – Internal Models 13A, including both quantitative information and a supporting qualitative analysis, in accordance with the instructions set out in section AoC.01 of Chapter 10.

1.

Firms which are part of a group falling within Group Supervision 2.1(4) must submit the information referred to in Group Supervision 16.2 to the PRA annually using the following templates (as applicable):

1. (a) template IR.36.01.01 of Chapter 9, specifying information on significant intra-group transactions, involving equity-type transactions, debt and asset transfer, following the instructions set out in section IR.36.01 of Chapter 10;
2. (b) template IR.36.02.01 of Chapter 9, specifying information on significant intra-group transactions on derivatives, including the guarantees supporting any derivatives instruments, following the instructions set out in section IR.36.02 of Chapter 10; and
3. (c) [Note: Provision left blank];
4. (d) template IR.36.04.01 of Chapter 9, specifying information on significant intra-group transactions on internal cost sharing, contingent liabilities other than derivatives and off-balance sheet items and other types of intra-group transactions, following the instructions set out in section IR.36.04 of Chapter 10.

1.

Firms which are part of a group falling within Group Supervision 2.1(4) must report:

1. (a) very significant intra-group transactions referred to in Group Supervision 16.2(2) as soon as practicable; and
2. (b) significant intra-group transactions referred to in Group Supervision 16.2(1) on a regular basis and at least annually,

to the PRA using the relevant templates among templates IR.36.01.01 to IR.36.04.01 of Chapter 9, following the instructions set out in section IR.36.01 to IR.36.04 of Chapter 10.

1.

Firms must submit information to the PRA annually using the following templates (as applicable):

1. (a) where the firm writes suretyship business the effect of which is to improve the credit rating of the underlying security, template IR.05.07.01, specifying information on the portfolio of securities, following the instructions set out in section IR.05.07 of Chapter 10;
2. (b) where the firm manages a material pooling agreement, template IR.05.08.01 of Chapter 9, specifying information on their material pooling agreement, following the instructions set out in section IR.05.08 of Chapter 10;
3. (c) where the firm is an assessable mutual which:
   1. (i) has called for an additional contribution after 1 January 2006; or
   2. (ii) has received approval for ancillary own funds as contemplated in Own Funds 2.3(4),
   3. template IR.05.09.01 of Chapter 9, specifying information on calls for contributions and the financial performance of the firm following the instructions set out in section IR.05.09 of Chapter 10.

2.

A firm falling within paragraphs 1(b) or 1(c)(j) of this Article that does not have a Part 4A permission to effect contracts of insurance is not subject to the obligation to complete the corresponding template.

3.

Long-term insurers must submit information to the PRA annually using the following templates (as applicable):

1. (a) where the firm’s gross best estimate liabilities for long-term insurance business, other than reinsurance, are more than £50 million or the firm’s gross written premiums for long-term insurance business, other than reinsurance, are more than £10 million, template IR.12.04.01 of Chapter 9, specifying information on best estimate assumptions for life insurance risks, following the instructions set out in section IR.12.04 of Chapter 10;
2. (b) where the firm’s net best estimate liabilities for with-profits insurance business are more than £500 million and the firm is a single with-profits fund:
   1. (i) template IR.12.05.01 of Chapter 9, specifying information on value of bonus for with-profits insurance business, following the instructions set out in section IR.12.05 of Chapter 10; and
   2. (ii) template IR.12.06.01 of Chapter 9, specifying information on liabilities and assets for with-profits insurance business, following the instructions set out in section IR.12.06 of Chapter 10.

4.

Long-term insurers, where net best estimate liabilities for with-profits insurance business are more than £500 million for the firm as a whole, must submit information to the PRA annually for each ring-fenced fund which is also a with-profits fund, and for the remaining part, where this is a with-profits fund, using the following templates (as applicable):

1. (a) template IRR.12.05.01 of Chapter 9, specifying information on value of bonus for with-profits insurance business, following the instructions set out in section IR.12.05 of Chapter 10; and
2. (b) template IRR.12.06.01 of Chapter 9, specifying information on liabilities and assets for with-profits insurance business, following the instructions set out in section IR.12.06 of Chapter 10.

5.

General insurers must submit information to the PRA annually using the following templates (as applicable):

1. (a) where the firm carries on insurance business and proportional and non-proportional reinsurance obligations relating to:
   1. (i) railway rolling stock;
   2. (ii) aircraft;
   3. (iii) ships;
   4. (iv) goods in transit;
   5. (v) motor vehicle liability;
   6. (vi) aircraft liability;
   7. (vii) liability of ships; or
   8. (viii) general liability,
   9. template IR.18.02.01 of Chapter 9, specifying information on the projection of future cash flows based on liabilities of the non-life business, following the instructions set out in section IR.18.02 of Chapter 10; and
2. (b) where the firm carries on insurance business relating to:
   1. (i) employer’s liability (including as part of a mixed commercial package);
   2. (ii) public and products liability (including as part of a mixed commercial package); or
   3. (iii) professional indemnity,
   4. template IR.19.02.01 of Chapter 9, specifying information on non-life insurance claims, following the instructions set out in section IR.19.02 of Chapter 10.

6.

The Society must submit information to the PRA both on an annual and quarterly basis using template IR.23.05.03 of Chapter 9, specifying information on the SCR and MCR, following the instructions set out in in section IR.23.05 of Chapter 10.

7.

Where a firm notifies the PRA that any of its submissions of templates under this Article are incorrect, or where the PRA notifies a firm that any part of the template appears to be inaccurate or incomplete, the firm must promptly make any appropriate corrections or adjustments and if necessary re-submit the template (or relevant part of it).

[Note: Provision left blank]

1.

Firms and, where applicable, UK holding companies must submit information to the PRA quarterly using the following templates (as applicable):

1. (a) template IR.01.01.05 of Chapter 9, specifying the content of the submission, following the instructions set out in section IR.01.01 of Chapter 10;
2. (b) template IR.01.02.04 of Chapter 9, specifying basic information on the group and the content of the reporting in general, following the instructions set out in section IR.01.02 of Chapter 10;
3. (c) where, for the calculation of group solvency, the group uses method 1, either exclusively or in combination with method 2, template IR.02.01.02 of Chapter 9, specifying balance sheet information using the valuation in accordance with the valuation principles set out in the Valuation Part, following the instructions set out in section IR.02.01 of Chapter 10;
4. (d) IR.05.03.02 of Chapter 9, specifying information on life income and expenditure, following the instructions set out in section IR.05.03 of Chapter 10;
5. (e) IR.05.04.02 of Chapter 9, specifying information on non-life income and expenditure, following the instructions set out in section IR.05.04 of Chapter 10;
6. (f) subject to Article 27(1)(b), template IR.06.02.04 of Chapter 9, providing an item-by-item list of assets, following the instructions set out in section IR.06.02 of Chapter 10;
7. (g) subject to Article 27(1)(c)(i), where the ratio of collective investments held by the group to total investments is higher than 30%, template IR.06.03.01 of Chapter 9, providing information on the look-through of all collective investments held by the group, following the instructions set out in section IR.06.03 of Chapter 10;
8. (h) subject to Article 27(1)(e), template IR.08.01.04 of Chapter 9, providing an item-by-item list of open positions of derivatives, following the instructions set out in section R.08.01 of Chapter 10; and
9. (i) template IR.23.01.04 of Chapter 9, specifying information on own funds, following the instructions set out in section IR.23.01 of Chapter 10.

2.

For the purposes of point (g) of paragraph 1, where for the calculation of group solvency method 1 is used exclusively, the ratio of collective investments held by the group to total investments must be determined by the sum of items C0010/R0180, collective investment undertakings included in item C0010/R0220 and collective investment undertakings included in item C0010/R0090 of template IR.02.01.02, divided by the sum of items C0010/R0070 and C0010/R0220 of template IR.02.01.02. Where, for the calculation of group solvency, method 1 is used in combination with method 2, or method 2 is used exclusively, the ratio must be calculated in accordance with the first sentence and adjusted in order to capture the required items of all entities included in the scope of template IR.06.02.04 of Chapter 9.

3.

Templates set out in point (f) and (g) of paragraph 1 must be submitted at Quarter 4 of the financial year only.

With regard to the information referred to in point (c) of Article 23(1), quarterly measurements may rely on estimates and estimation methods to a greater extent than measurements of annual financial data. The measurement procedures for the quarterly reporting must be designed to ensure that the resulting information is reliable and complies with the standards laid down in the laws of the United Kingdom and that all material information that is relevant for the understanding of the data is reported.

1.

Firms and, where applicable, UK holding companies must submit information to the PRA annually using the following templates (as applicable):

1. (a) template IR.01.01.04 of Chapter 9, specifying the content of the submission, following the instructions set out in section IR.01.01 of Chapter 10;
2. (b) template IR.01.02.04 of Chapter 9, specifying basic information on the group and the content of the reporting in general, following the instructions set out in section IR.01.02 of Chapter 10; and
3. (c) where, for the calculation of group solvency, the group uses method 1, either exclusively or in combination with method 2, template IR.01.03.04 of Chapter 9, specifying basic information on the ring-fenced funds and matching adjustment portfolios, following the instructions set out in section IR.01.03 of Chapter 10.

1.

Firms and, where applicable, UK holding companies must submit information to the PRA annually using the following templates (as applicable):

1. (a) template IR.02.01.01 of Chapter 9, specifying balance sheet information using both the valuation in accordance with the valuation principles set out in the Valuation Part and the valuation following the consolidated financial statements, following the instructions set out in section IR.02.01 of Chapter 10;
2. (b) template IR.02.02.01 of Chapter 9, specifying information on assets and liabilities by currency, following the instructions set out in section IR.02.02 of Chapter 10;
3. (c) where any of the following conditions apply, template IR.03.01.04 of Chapter 9, specifying general information on off-balance sheet items, following the instructions set out in section IR.03.01 of Chapter 10:
   1. (i) the amount of either of the following values is higher than 2% of total assets as set out in template IR.02.01.01 of Chapter 9:
      1. (C0020/R0010) Value of guarantee/collateral/contingent liabilities - Guarantees provided by undertakings within the group, including letters of credit plus (C0020/R0300) Value of guarantee/collateral/contingent liabilities - Total collateral pledged plus (C0010/R0400) Maximum value - Total Contingent liabilities;
      2. (C0020/R0030) Value of guarantee/collateral/contingent liabilities - Guarantees received by undertakings within the group, including letters of credit plus (C0020/R0200) Value of guarantee/collateral/contingent liabilities - Total collateral held; or
   2. (ii) any undertaking within the group has provided or received an unlimited guarantee;
4. (d) template IR.03.02.04 of Chapter 9, providing a list of off-balance sheet unlimited guarantees received, following the instructions set out in section IR.03.02 of Chapter 10;
5. (e) template IR.03.03.04 of Chapter 9, providing a list of off-balance sheet unlimited guarantees provided, following the instructions set out in section IR.03.03 of Chapter 10;
6. (f) template IR.05.02.01 of Chapter 9, specifying information on premiums, claims and expenses by country applying the valuation and recognition principles used in the consolidated financial statements, following the instructions set out in section IR.05.02 of Chapter 10;
7. (g) template IR.05.03.02 of Chapter 9, specifying information on life income and expenditure, following the instructions set out in section IR.05.03 of Chapter 10; and
8. (h) template IR.05.04.02 of Chapter 9, specifying information on non-life income and expenditure, following the instructions set out in section IR.05.04 of Chapter 10.

2.

The templates referred to in points (a) and (b) of paragraph 1 must only be submitted by firms and, where applicable, UK holding companies which, for the calculation of group solvency, use method 1, either exclusively or in combination with method 2.

1.

Firms and, where applicable, UK holding companies must submit information to the PRA annually using the following templates (as applicable):

1. (a) [Note: Provision left blank];
2. (b) where the group is exempted from reporting template IR.06.02.04 in relation to the last quarter of the group’s financial year in accordance with a direction given by the PRA under section 138A of FSMA, template IR.06.02.04 of Chapter 9, providing an item-by-item list of assets, following the instructions set out in section IR.06.02 of Chapter 10;
3. (c) where the group:
   1. (i) is exempted from reporting template IR.06.03.01 of Chapter 9 in relation to the last quarter of the group’s financial year in accordance with a direction given by the PRA under section 138A of FSMA; or
   2. (ii) has not reported it quarterly because the ratio of collective investments held by the group to total investments (as referred to in Article 23(1)(g) of this Chapter) is not  higher than 30%,
4. template IR.06.03.01 of Chapter 9, providing information on the look-through of all collective investments held by the group, following the instructions set out in section IR.06.03 of Chapter 10;
5. (d) [Note: Provision left blank];
6. (e) where the group is exempted from reporting template IR.08.01.04 in relation to the last quarter of the group’s financial year in accordance with a direction given by the PRA under section 138A of FSMA, template IR.08.01.04 of Chapter 9, providing an item-by-item list of open positions of derivatives, following the instructions set out in section IR.08.01 of Chapter 10;
7. (f) [Note: Provision left blank];
8. (g) template IR.09.01.04 of Chapter 9, specifying information on income, gains and losses in the reporting period by asset category, following the instructions set out in section IR.09.01 of Chapter 10;
9. (h) where the ratio of the value of underlying securities, on and off-balance sheet, involved in lending or repurchase agreements, for contracts with maturity dates falling after the reporting reference date, to the total investments is higher than 5%, template IR.10.01.04 of Chapter 9, providing an item-by-item list of securities lending and repurchase agreements on and off-balance sheet, following the instructions set out in section IR.10.01 of Chapter 10; and
10. (i) where the ratio of the value of assets held as collateral to total balance sheet as reported in items C0010/R0500 of template IR.02.01.01 exceeds 10%, template IR.11.01.04 of Chapter 9, providing an item-by-item list of assets held as collateral, consisting of all types of off-balance sheet asset categories held as collateral, following the instructions set out in section IR.11.01 of Chapter 10.

2.

[Note: Provision left blank]

3.

For the purposes of point (h) of paragraph 1:

1. (a) where for the calculation of group solvency method 1 is used exclusively, the ratio must be determined by the sum of the underlying securities, on and off-balance sheet, involved in lending or repurchase agreements, for contracts with maturity dates falling after the reporting reference date, divided by the sum of items C0010/R0070 and C0010/R0220 of template IR.02.01.01 of Chapter 9; and
2. (b) where, for the calculation of group solvency, method 1 is used in combination with method 2, or method 2 is used exclusively, the ratio must be calculated in accordance with the first sentence and adjusted in order to capture the required items of all entities included in the scope of template IR.06.02.04 of Chapter 9.

[Note: Provision left blank]

Firms and, where applicable, UK holding companies must submit information to the PRA annually using template IR.22.01.04 of Chapter 9 specifying information on the impact of the long term guarantees and transitional measures, following the instructions set out in section IR.22.01 of Chapter 10.

1.

Firms and, where applicable, UK holding companies must submit information to the PRA annually using the following templates (as applicable):

1. (a) template IR.23.01.04 of Chapter 9, specifying information on own funds, following the instructions set out in section IR.23.01 of Chapter 10;
2. (b) template IR.23.02.04 of Chapter 9, providing detailed information on own funds by tiers, following the instructions set out in section IR.23.02 of Chapter 10;
3. (c) template IR.23.03.04 of Chapter 9, specifying information on annual movements on own funds, following the instructions set out in section IR.23.03 of Chapter 10; and
4. (d) template IR.23.04.04 of Chapter 9, providing a list of items on own funds, following the instructions set out in section IR.23.04 of Chapter 10.

2.

The templates referred to in points (b) and (c) of paragraph 1 must only be submitted by firms and, where applicable, UK holding companies which, for the calculation of group solvency, use method 1, either exclusively or in combination with method 2.

1.

Firms and, where applicable, UK holding companies which for the calculation of group solvency use method 1, either exclusively or in combination with method 2, must submit information to the PRA annually using the following templates (as applicable):

1. (a) template IR.25.04.04 of Chapter 9, specifying information in relation to the calculation of the group SCR, following the instructions set out in section IR.25.04 of Chapter 10; and
2. (b) where the group uses one or more internal models or a partial internal model for the calculation of the group SCR, template IR.25.05.01 of Chapter 9, specifying information in relation to the calculation of the group SCR, following the instructions set out in section IR.25.05 of Chapter 10.

1.

Firms and, where applicable, UK holding companies must submit information to the PRA annually using the following templates (as applicable):

1. (a) template IR.31.01.04 of Chapter 9, specifying information on outwards reinsurance balance sheet exposures, following the instructions set out in section IR.31.01 of Chapter 10; and
2. (b) [Note: Provision left blank];
3. (c) template IR.30.05.01 of Chapter 9, specifying reinsurer and collateral provider entity information, following the instructions set out in section IR.30.05 of Chapter 10.

1.

Firms and, where applicable, UK holding companies must submit information to the PRA annually using the following templates (as applicable):

1. (a) template IR.32.01.04 of Chapter 9, specifying information on the insurance undertakings and reinsurance undertakings in the scope of the group, following the instructions set out in section IR.32.01 of Chapter 10;
2. (b) template IR.33.01.04 of Chapter 9, specifying information on requirements of insurance undertakings and reinsurance undertakings in the scope of the group, following the instructions set out in section IR.33.01 of Chapter 10;
3. (c) template IR.34.01.04 of Chapter 9, specifying information on financial undertakings other than insurance undertakings and reinsurance undertakings, and on non-regulated undertakings carrying out financial activities, following the instructions set out in section IR.34.01 of Chapter 10;
4. (d) for groups with any third country insurance undertakings or third country reinsurance undertakings, template IR.35.01.04 of Chapter 9, specifying information on technical provisions (or equivalent) of the third country insurance undertakings and third country reinsurance undertakings within the group, following the instructions set out in section IR.35.01 of Chapter 10;
5. (e) template IR.36.01.01 of Chapter 9, specifying information on significant intra-group transactions involving equity-type transactions, debt and asset transfer, following the instructions set out in section IR.36.01 of Chapter 10;
6. (f) template IR.36.02.01 of Chapter 9, specifying information on significant intra-group transactions on derivatives, including the guarantees supporting any derivatives instruments, following the instructions set out in section IR.36.02 of Chapter 10;
7. (g) [Note: Provision left blank]; and
8. (h) template IR.36.04.01 of Chapter 9, specifying information on significant intra-group transactions on internal cost sharing, contingent liabilities (other than derivatives) and off-balance sheet items and other types of intra-group transactions, following the instructions set out in section IR.36.04 of Chapter 10.

1.

In this Article 34, an ‘unsupported ring-fenced fund’ is a ring-fenced fund whose notional SCR is entirely covered by assets allocated to that fund and a ‘supported ring-fenced fund’ is a ring-fenced fund whose notional SCR is not entirely covered by assets allocated to that fund.

2.

Firms and, where applicable, UK holding companies which for the calculation of group solvency use method 1, either exclusively or in combination with method 2, must submit to the PRA annually information in relation to unsupported ring-fenced funds and the remaining part (including any embedded matching adjustment portfolios and supported ring-fenced funds), taking into account only those risks in scope of the method 1 calculation and using the following templates:

1. (a) template IRR.01.01.04 of Chapter 9, specifying the content of the submission, following the instructions set out in section IR.01.01 of Chapter 10;
2. (b) template IRR.02.01.01 of Chapter 9, to be submitted separately for each of the following (as applicable):
   1. (i) the balance sheet information for all unsupported ring-fenced funds in the group (including any embedded matching adjustment portfolios); and
   2. (ii) the balance sheet information for the remaining part (including any embedded matching adjustment portfolios and supported ring-fenced funds),
   3. using both the valuation in accordance with the valuation principles set out in the Valuation Part and the valuation following the consolidated financial statements, and following the instructions set out in section IR.02.01 of Chapter 10; and
3. (c) template IRR.25.04.01 of Chapter 9, to be submitted separately for each of the following (as applicable):
   1. (i) the notional SCR calculation covering all unsupported ring-fenced funds in the group (including any embedded matching adjustment portfolios); and
   2. (ii) the notional SCR calculation covering the remaining part (including any embedded matching adjustment portfolios and supported ring-fenced funds);
   3. following the instructions set out in section IR.25.04 of Chapter 10.

Firms and, where applicable, UK holding companies reporting information on a group which includes more than one firm using an internal model must submit to the PRA annually template AoC.01 setting out the analysis of change referred to in Solvency Capital Requirement – Internal Models 13A, including both quantitative information and a supporting qualitative analysis, in accordance with the instructions set out in section AoC.01 of Chapter 10.

1.

Firms and, where applicable, UK holding companies must report to the PRA significant and very significant intra-group transactions referred to in Group Supervision 16.2(1) and (2) using, as appropriate, templates IR.36.01.01, IR.36.02.01 and IR.36.04.01 of Chapter 9, following the instructions set out in section IR.36.01 to IR.36.04 of Chapter 10.

1.

Third country branch undertakings must submit information to the PRA quarterly using the following templates (as applicable) in respect of the operations of the third country branch (other than a third country pure reinsurance branch):

1. (a) template IR.01.01.08 of Chapter 9, specifying the content of the submission, following the instructions set out in section IR.01.01 of Chapter 10;
2. (b) template IR.01.02.07 of Chapter 9, specifying basic information on the third country branch and the content of the reporting in general, following the instructions set out in section IR.01.02 of Chapter 10;
3. (c) template IR.02.01.08 of Chapter 9, specifying balance sheet information using the valuation in accordance with the valuation principles set out in the Valuation Part, following the instructions set out in section IR.02.01 of Chapter 10;
4. (d) template IR.05.03.02 of Chapter 9, specifying information on life income and expenditure, following the instructions set out in section IR.05.03 of Chapter 10;
5. (e) template IR.05.04.02 of Chapter 9, specifying information on non-life income and expenditure, following the instructions set out in section IR.05.04 of Chapter 10;
6. (f) template IR.12.01.02 of Chapter 9, specifying information on the provisions referred to in Third Country Branches 6.1 (life), following the instructions set out in section IR.12.01 of Chapter 10; and
7. (g) template IR.17.01.02 of Chapter 9, specifying information on provisions referred to in Third Country Branches 6.1 (non-life), for each line of business, following the instructions set out in section IR.17.01 of Chapter 10.

2.

With regard to the information referred to in point (c) of Article 37(1), quarterly measurements may rely on estimates and estimation methods to a greater extent than measurements of annual financial data. The measurement procedures for the quarterly reporting must be designed to ensure that the resulting information is reliable and complies with the standards laid down in the laws of the United Kingdom and that all material information that is relevant for the understanding of the data is reported.

3.

When submitting the information referred to in points (f) and (g) of Article 37(1), third country branch undertakings may apply simplified methods in accordance with the Technical Provisions and Technical Provisions – Further Requirements Parts of the PRA Rulebook in the calculation of the provisions referred to in Third Country Branches 6.1.

1.

Third country branch undertakings must submit information to the PRA annually using the following templates (as applicable) in respect of the operations of the third country branch (other than a third country pure reinsurance branch):

1. (a) template IR.01.01.07 of Chapter 9, specifying the content of the submission, following the instructions set out in section IR.01.01 of Chapter 10;
2. (b) template IR.01.02.07 of Chapter 9, specifying basic information on the third country branch and the content of the reporting in general, following the instructions set out in section IR.01.02 of Chapter 10; and
3. (c) template IR.01.03.01 of Chapter 9, specifying basic information on the ring-fenced funds and matching adjustment portfolios, following the instructions set out in section IR.01.03 of Chapter 10.

1.

Third country branch undertakings must submit information to the PRA annually using the following templates (as applicable) in respect of the operations of the third country branch (other than a third country pure reinsurance branch):

1. (a) template IR.02.01.07 of Chapter 9, specifying balance sheet information using the valuation in accordance with the valuation principles set out in the Valuation Part and the valuation according to the branch management accounts value for the branch operations, following the instructions set out in section IR.02.01 of Chapter 10;
2. (b) template IR.02.03.07 of Chapter 9, specifying additional branch balance sheet information, following the instructions set out in section IR.02.03 of Chapter 10;
3. (c) template IR.05.02.01 of Chapter 9, specifying information on premiums, claims and expenses by country, applying the valuations and recognition principles used in branch management accounts for the branch operations, following the instructions set out in section IR.05.02 of Chapter 10;
4. (d) template IR.05.03.01 of Chapter 9, specifying information on life income and expenditure, following the instructions set out in section IR.05.03 of Chapter 10; and
5. (e) template IR.05.04.07 of Chapter 9, specifying information on non-life income, expenditure and business model analysis, following the instructions set out in section IR.05.04 of Chapter 10.

1.

Third country branch undertakings must submit information to the PRA annually using the following templates (as applicable) in respect of the operations of the third country branch (other than a third country pure reinsurance branch):

1. (a) template IR.12.01.01 of Chapter 9, specifying information on the provisions referred to in Third Country Branches 6.1 (life), following the instructions set out in section IR.12.01 of Chapter 10;
2. (b) template IR.12.03.01 of Chapter 9, specifying information on life branch best estimate liabilities by country, following the instructions set out in section IR.12.03 of Chapter 10;
3. (c) template IR.14.01.01 of Chapter 9, specifying information on life obligations analysis, including life insurance and reinsurance contracts and annuities stemming from non-life contracts, by product issued by the third country branch, following the instructions set out in section IR.14.01 of Chapter 10;
4. (d) template IR.16.01.01 of Chapter 9, specifying information on annuities stemming from non-life insurance obligations issued by the third country branch under direct insurance business, regarding all lines of business originating annuities and additionally by currency, following the instructions set out in section IR.16.01 of Chapter 10;
5. (e) template IR.16.02.01 of Chapter 9, specifying information on the projection of branch best estimate future cash flows of annuities stemming from non-life business, following the instructions set out in section IR.16.02 of Chapter 10;
6. (f) template IR.17.01.01 of Chapter 9, specifying information on provisions referred to in Third Country Branches 6.1 (non-life), by line of business, following the instructions set out in section IR.17.01 of Chapter 10;
7. (g) template IR.17.03.01 of Chapter 9, specifying information on non-life branch best estimate liabilities by country, following the instructions set out in section IR.17.03 of Chapter 10;
8. (h) template IR.18.01.01 of Chapter 9, specifying information on the projection of future cash flows based on the branch best estimate of the non-life business, following the instructions set out in section IR.18.01 of Chapter 10;
9. (i) template IR.19.01.01 of Chapter 9, specifying information on non-life insurance claims in the format of development triangles, for the total of each non-life line of business and additionally by currency, following the instructions set out in section IR.19.01 of Chapter 10;
10. (j) template IR.20.01.01 of Chapter 9, specifying information on the development of the distribution of the claims incurred at the end of the financial year for each line of business, following the instructions set out in section IR.20.01 of Chapter 10;
11. (k) template IR.21.02.01 of Chapter 9, specifying information on non-life underwriting risks, following the instructions set out in section IR.21.02 of Chapter 10; and
12. (l) template IR.21.04.01 of Chapter 9, specifying information on cyber underwriting risk, following instructions set out in section IR.21.04 of Chapter 10.

1.

Third country branch undertakings must submit information to the PRA annually using the following templates (as applicable) in respect of the operations of the third country branch (other than a third country pure reinsurance branch):

1. (a) template IR.30.03.01 of Chapter 9, specifying information on the outwards reinsurance contracts in the next reporting year covering information on outwards reinsurance facultative and treaty arrangements the period of validity of which includes or overlaps with the next reporting year, following the instructions set out in section IR.30.03 of Chapter 10;
2. (b) template IR.30.04.01 of Chapter 9, specifying information on reinsurer participations on the outwards reinsurance contracts in the next reporting year covering information on outwards reinsurance facultative and treaty arrangements the period of validity of which includes or overlaps with the next reporting year, following the instructions set out in section IR.30.04 of Chapter 10;
3. (c) template IR.30.05.01 of Chapter 9, specifying reinsurer and collateral provider entity information, following the instructions set out in section IR.30.05 of Chapter 10; and
4. (d) template IR.31.01.01 of Chapter 9, specifying information on outwards reinsurance branch balance sheet exposures, following the instructions set out in section IR.31.01 of Chapter 10.

1.

Third country branch undertakings must submit information in relation to each ring-fenced fund, each matching adjustment portfolio and the remaining part to the PRA annually using the following templates (as applicable) in respect of the operations of the third country branch (other than a third country pure reinsurance branch):

1. (a) template IRR.01.01.07 of Chapter 9, specifying the content of the submission, following the instructions set out in section IR.01.01 of Chapter 10;
2. (b) template IRR.02.01.07 of Chapter 9, specifying balance sheet information using the valuation in accordance with the valuation principles set out in the Valuation Part and the valuation according to the branch management accounts value for the branch operations, following the instructions set out in section IR.02.01 of Chapter 10;
3. (c) template IRR.12.01.01 of Chapter 9, specifying information on the provisions referred to in Third Country Branches 6.1 (life), following the instructions set out in section IR.12.01 of Chapter 10; and
4. (d) template IRR.17.01.01 of Chapter 9, specifying information on provisions referred to in Third Country Branches 6.1 (non-life) for each line of business, following the instructions set out in section IR.17.01 of Chapter 10.

Third country branch undertakings with a matching adjustment permission must submit to the PRA annually templates MALIR 1 - MALIR 7 of Chapter 9, setting out, in respect of the operations of each third country branch (other than a third country pure reinsurance branch), portfolio metrics and detailed information on the assets and liabilities held in their matching adjustment portfolios in accordance with the instructions set out in section MALIR of Chapter 10.

1.

Third country branch undertakings must submit information to the PRA annually using the following templates (as applicable) in respect of the operations of a third country pure reinsurance branch:

1. (a) template IR.01.01.07 of Chapter 9, specifying the content of the submission, following the instructions set out in section IR.01.01 of Chapter 10; and
2. (b) template IR.01.02.07 of Chapter 9, specifying basic information on the third country branch and the content of the reporting in general, following the instructions set out in section IR.01.02 of Chapter 10.

1.

Third country branch undertakings must submit information to the PRA annually using the following templates (as applicable) in respect of the operations of a third country pure reinsurance branch:

1. (a) template IR.02.01.07 of Chapter 9, specifying balance sheet information using the valuation in accordance with the valuation principles set out in the Valuation Part and the valuation according to the branch management accounts value for the branch operations, following the instructions set out in section IR.02.01 of Chapter 10;
2. (b) template IR.02.03.07 of Chapter 9, specifying additional branch balance sheet information, following the instructions set out in section IR.02.03 of Chapter 10;
3. (c) template IR.05.03.01 of Chapter 9, specifying information on life income and expenditure, following the instructions set out in section IR.05.03 of Chapter 10; and
4. (d) template IR.05.04.07 of Chapter 9, specifying information on non-life income, expenditure and business model analysis, following the instructions set out in section IR.05.04 of Chapter 10.

1.

Third country branch undertakings must submit information to the PRA annually using the following templates (as applicable) in respect of the operations of a third country pure reinsurance branch:

1. (a) template IR.12.01.01 of Chapter 9, specifying information on provisions referred to in Third Country Branches 6.1 (life), following the instructions set out in section IR.12.01 of Chapter 10;
2. (b) template IR.14.01.01 of Chapter 9, specifying information on life obligations analysis, including life insurance and reinsurance contracts and annuities stemming from non-life contracts, by product issued by the third country branch, following the instructions set out in section IR.14.01 of Chapter 10;
3. (c) template IR.17.01.01 of Chapter 9, specifying information on provisions referred to in Third Country Branches 6.1 (non-life) by line of business, following the instructions set out in section IR.17.01 of Chapter 10; and
4. (d) template IR.21.04.01 of Chapter 9, specifying information on cyber underwriting risk, following instructions set out in section IR.21.04 of Chapter 10.

1.

Third country branch undertakings must submit information to the PRA annually using the following templates (as applicable) in respect of the operations of a third country pure reinsurance branch:

1. (a) template IR.30.05.01 of Chapter 9, specifying reinsurer and collateral provider entity information, following the instructions set out in section IR.30.05 of Chapter 10; and
2. (b) template IR.31.01.01 of Chapter 9, specifying information on outwards reinsurance branch balance sheet exposures, following the instructions set out in section IR.31.01 of Chapter 10.

1.

Third country branch undertakings must submit information in relation to each ring-fenced fund, each matching adjustment portfolio and the remaining part to the PRA annually using the following templates (as applicable) in respect of the operations of a third country pure reinsurance branch:

1. (a) template IRR.01.01.07 of Chapter 9, specifying the content of the submission, following the instructions set out in section IR.01.01 of Chapter 10;
2. (b) template IRR.12.01.01 of Chapter 9, specifying information on the provisions referred to in Third Country Branches 6.1 (life), following the instructions set out in section IR.12.01 of Chapter 10; and
3. (c) template IRR.17.01.01 of Chapter 9, specifying information on provisions referred to in Third Country Branches 6.1 (non-life) for each line of business, following the instructions set out in section IR.17.01 of Chapter 10.

Third country branch undertakings with a matching adjustment permission must submit to the PRA annually templates MALIR 1 - MALIR 7 of Chapter 9, setting out, in respect of the operations of each third country pure reinsurance branch, portfolio metrics and detailed information on the assets and liabilities held in their matching adjustment portfolios in accordance with the instructions set out in section MALIR of Chapter 10.

Third country branch undertakings must submit to the PRA annually template IR.01.04.07 in Chapter 9, specifying information regarding the financial position, including solvency, of the third country branch undertaking, following the instructions set out in section IR.01.04 of Chapter 10.

1.

Third country branch undertakings must submit a resolution report to the PRA every three years containing an analysis, supported by a legal opinion, of the winding-up regime applicable to the third country branch undertaking, including a description of the applicable laws in relation to winding-up in the relevant jurisdiction and an analysis of the priority given to policyholders of the third country branch and of how the assets of the third country branch undertaking would be distributed to the policyholders of the branch on a winding-up.

2.

Where there is any significant change in the winding-up regime applicable to the third country branch undertaking, the third country branch undertaking must submit an update to the resolution report referred to in paragraph 1 of this Article as soon as possible following the occurrence of the significant change.

1.

Third country branch undertakings must submit information to the PRA annually using the following templates (as applicable) in respect of the operations of the third country branch:

1. (a) where the third country branch undertaking writes suretyship business the effect of which is to improve the credit rating of the underlying security, template IR.05.07.01 of Chapter 9, specifying information on the portfolio of securities, following the instructions set out in section IR.05.07 of Chapter 10;
2. (b) where the third country branch undertaking manages a material pooling agreement, template IR.05.08.01 of Chapter 9, specifying information on the material pooling agreements, following the instructions set out in section IR.05.08 of Chapter 10; and
3. (c) where the third country branch undertaking is an assessable mutual which has called for an additional contribution after 1 January 2006, template IR.05.09.01 of Chapter 9, specifying information on calls for contributions and the financial performance of the third country branch, following the instructions set out in section IR.05.09 of Chapter 10.

2.

A third country branch undertaking falling within paragraphs 1(b) or 1(c) of this Article that does not have a Part 4A permission to effect contracts of insurance is not subject to the obligation to complete the corresponding template.

3.

Third country branch undertakings which are long-term insurers, where the net branch best estimate liabilities for with-profits insurance business are more than £500 million and the third country branch is a single with-profits fund, must submit information to the PRA annually using the following templates (as applicable) in respect of the operations of the third country branch:

1. (a) template IR.12.05.01 of Chapter 9, specifying information on value of bonus for with-profits insurance business, following the instructions set out in section IR.12.05 of Chapter 10; and
2. (b) template IR.12.06.01 of Chapter 9, specifying information on liabilities and assets for with-profits insurance business, following the instructions set out in section IR.12.06 of Chapter 10.

4.

Third country branch undertakings which are general insurers must submit information to the PRA annually using the following templates (as applicable) in respect of the operations of the third country branch:

1. (a) where the third country branch undertaking carries on insurance business and proportional and non-proportional reinsurance obligations relating to:
   1. (i) railway rolling stock;
   2. (ii) aircraft;
   3. (iii) ships;
   4. (iv) goods in transit;
   5. (v) motor vehicle liability;
   6. (vi) aircraft liability;
   7. (vii) liability of ships; or
   8. (viii) general liability,
   9. template IR.18.02.01 of Chapter 9, specifying information on the projection of future cash flows based on liabilities of the non-life business, following the instructions set out in section IR.18.02 of Chapter 10; and
2. (b) where the third country branch undertaking carries on insurance business relating to:
   1. (i) employer’s liability (including as part of a mixed commercial package);
   2. (ii) public and products liability (including as part of a mixed commercial package); or
   3. (iii) professional indemnity,
   4. template IR.19.02.01 of Chapter 9, specifying information on non-life insurance claims, following the instructions set out in section IR.19.02 of Chapter 10.

5.

Where a third country branch undertaking notifies the PRA that any of its submissions of templates under this Article are incorrect, or where the PRA notifies a third country branch undertaking that any part of the template appears to be inaccurate or incomplete, the third country branch undertaking must promptly make any appropriate corrections or adjustments and if necessary re-submit the template (or relevant part of it).