Solvency II: Transitional measures and the treatment of participations

On 23 January 2015, the PRA published a consultation paper that sets out draft rules on transitional measures for risk-free interest rates and for technical provisions, necessary to implement the Solvency II Directive.

CP3/15 also includes two draft supervisory statements: the first on the PRA's expectations regarding the calculation and application process for these transitional measures; and the second on the internal model treatment of participations.