This Statement of Policy (SoP) sets out the approach and expectations of the Prudential Regulation Authority (PRA) in relation to transfers of insurance business under Part VII of the Financial Services and Markets Act 2000 (FSMA), some insurance business transfers outside the United Kingdom and friendly society transfer of engagements and amalgamations. It is relevant to insurance firms and friendly societies authorised by the PRA.
Published on
02 April 2015
Current version
Published 12 January 2022. Effective from 12 January 2022.
- Following PS1/22 ‘Insurance business transfers’
Past updates
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Published 2 April 2015. Effective from 2 April 2015 (superseded on 12 January 2022 by January 2022 version).