Prudential Regulation Authority Rulebook

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.