Undertaking specific parameters

Policies relating to undertaking specific parameters used in the calculation of the Standard Formula Solvency Capital Requirement for Solvency 2 insurers.

UK legislation

  • Solvency Capital Requirement Standard Formula - Commission Delegated Regulation (EU) 2015/35 (Title I, Chapter V, Sections 1, 10 and 12)
  • Solvency and financial condition report: structure and contents - Commission Delegated Regulation (EU) 2015/35 (Title 1, Chapter XII, Section 1)
  • Method-Specific Data Requirements And Method Specifications For Undertaking - Specific Parameters Of The Standard Formula - Commission Delegated Regulation (EU) 2015/35 (Annex XVII)

UK technical standards

  • Supervisory approval procedure to use undertaking-specific parameters - Commission Delegated Regulation (EU) 2015/498, as amended, including by the Technical Standards  (Solvency II Directive & Institutions for Occupational Retirement Provision Directive) (EU Exit) Instrument 2019, Annex D

Supervisory Statements

  • Solvency II: approvals (SS15/15)
  • Solvency II: the solvency and minimum capital requirements (SS4/15)

Other relevant material

Guidelines originally issued by European Supervisory Authorities should be read in conjunction with "Interpretation of EU Guidelines and Recommendations: Bank of England and PRA approach after the UK’s withdrawal from the EU" (Statement of Policy)

This page was last updated 31 January 2023