PRA puts s166 review policy in place for certain legacy deals
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PRA puts s166 review policy in place for certain legacy deals

Luke Harrison
14 January 2022
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The Prudential Regulation Authority (PRA) has now put into active guidance its policy to trigger section 166 (s166) reviews for certain transfers of non-life portfolios in run-off, while attempting to clarify where they may not be needed.

In a response to industry feedback on its policy proposals for Part VII transfers, which were initially set out last year in a consultation, the PRA has replied to concerns about regulatory changes that signalled a tougher approach to...

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News Regulation Legacy PRA
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Luke Harrison
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