Prudential Regulation Authority Rulebook

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).