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22 January 2018

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PRA begins third leg of Solvency II consultation

Laura Board 11 January 2018

The Prudential Regulation Authority (PRA) has begun the final part of a consultation about the Solvency II regulatory framework with proposals to streamline reporting requirements under the EU-wide regime.

The PRA said the EU rules limit its room for manoeuvre on a large proportion of the requirements, but that it used what leeway it has under the directive to "design the most extensive package of reforms possible without compromising its ability to supervise firms with the appropriate evidence base"...

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