Prudential Regulation Authority Rulebook

1.

The SFCR at the level of the group, as provided for in Group Supervision 18.1(1) shall include the following information regarding:

1. (a) the group’s business and performance, in addition to the provisions of 3.3(1) and 3.3A:
   1. (i) a description of the legal structure and the governance and organisational structure of the group, with a description of all subsidiaries, material related undertakings and significant branches; and
   2. (ii) qualitative and quantitative information on relevant operations and transactions within the group.
2. (b) the group’s system of governance in addition to the provisions of 3.3(2) and 3.3B:
   1. (i) a description of how the risk management and internal controls and reporting procedures are implemented consistently as required by Group Supervision 17.1(2);
   2. (ii) where applicable, a statement that the firm or the UK holding company has decided to produce a single document covering all of the assessments as provided by Group Supervision 17.2(3); and
   3. (iii) information on any material intra-group outsourcing arrangements.
3. (c) the group’s risk profile, in addition to the provisions of 3.3(2), 3.3(3) and 3.3C:
   1. (i) qualitative and quantitative information on any significant risk concentration at group level as provided for in Group Supervision 16.1 and 16.1A;
4. (d) the group’s valuation for solvency purposes, in addition to the provisions of 3.3(4), 3.4 and 3.4A:
   1. (i) where the bases, methods and main assumptions used at group level for the valuation for solvency purposes of the group’s assets, technical provisions and other liabilities differ materially from those used by any of its subsidiaries for the valuation for solvency purposes of its assets, technical provisions and other liabilities, a quantitative and qualitative explanation of any material differences.
5. (e) the group’s capital management, in addition to the provisions of 3.3(5), 3.5 to 3.7C:
   1. (i) whether method 1 or method 2 is used to calculate the group solvency; and where a combination of method 1 or method 2 is used, for which related undertakings method 2 is used;
   2. (ii) qualitative and quantitative information on any significant restriction to the fungibility and transferability of eligible own funds for covering the group SCR;
   3. (iii) where method 1 is used to calculate the group solvency, the amount of the consolidated group SCR, with separate indication of the amounts referred to in Group Supervision 11.2A;
   4. (iv) qualitative and quantitative information on the material sources of group diversification effects;
   5. (v) where applicable, the sum of amounts referred to in Group Supervision 11.3(1)(a) and (b);
   6. (vi) where applicable, a description of the undertakings which are in the scope of any internal model used to calculate the group SCR; and
   7. (vii) a description of the main differences, if any, between any internal model used at individual undertaking level and any internal model used to calculate the group SCR.