PRA seeks clarity on EEA insurance regulation when Brexit grace period ends
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PRA seeks clarity on EEA insurance regulation when Brexit grace period ends

Martha Muir
24 June 2022
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Brexit concept

The Prudential Regulation Authority (PRA) is seeking agreements with its peer organisations across the European Economic Area (EEA) about how to handle post-Brexit insurance regulation when the temporary permissions regime (TPR), or Brexit grace period, draws to a close.

The PRA’s annual report noted it would seek “a pragmatic, proportionate, and effective way” to create clarity on four matters: which authority will be responsible for supervisory tasks; the level of reliance that each party may place on the...

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