This supervisory statement sets out how the PRA expects firms to submit information using product reporting codes when applying to use an internal model or partial internal model.
SS37/15 was updated to provide the additional flexibility when assigning codes to internal model Solvency Capital Requirement (SCR) components being reported (internal model SCR component codes remain a six character code).
The appendix has been updated to reflect additional flexibility in use of characters 4 and 5 of the code; these characters are now letters or numbers.
SS37/15 is relevant to all UK insurance firms and groups within the scope of Solvency II and to the Society of Lloyd’s.
Full supervisory statement
© Bank of England
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