In this paper we identify the proposed changes to the Approved Persons Regime for Solvency II firms.
This Consultation Paper proposes changes to the Approved Persons Regime for Solvency II firms to address:
The paper will be of primary interest to all insurance firms within the scope of Solvency II, including Insurance Special Purpose Vehicles (ISPVs), the Society of Lloyd’s, managing agents, UK branches of foreign firms and approved persons in those firms. Non-directive firms should also take note of the changes in case they become subject to Solvency II in the future.
Please send us your comments by 2 February 2015 using the online response form. This is a slightly shortened consultation period, to enable us to support the implementation of Solvency II by the 31 March transposition deadline.
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