The Insurance and Reinsurance Undertakings (Prudential Requirements) (Amendment and Miscellaneous Provisions) Regulations 2024
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Change 1
12 Amendments to the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001
(1) The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001 are amended as follows. (2) In regulation 2 (interpretation), after the definition of “prescribed disciplinary proceedings”, insert— “PRA rules” means the rules made by the PRA under the Act as they have effect from time to time; . (3) After regulation 10C insert— Disclosure of information in order to publish a stress test in relation to insurance undertakings and reinsurance undertakings 10D. The PRA or a person who is employed by the PRA may disclose confidential information if it is necessary to do so in order to publish the outcome of a stress test conducted in respect of an insurance undertaking, which is also a UK Solvency II Firm as defined by the PRA rules, or a reinsurance undertaking, which is also a UK Solvency II firm as defined by the PRA rules. . (4) After regulation 12C insert— Disclosure of information in order to publish a stress test in relation to insurance undertakings and reinsurance undertakings 12D. The PRA or a person who is employed by the PRA may disclose confidential information if it is necessary to do so in order to publish the outcome of a stress test conducted in respect of an insurance undertaking, which is also a UK Solvency II Firm as defined by the PRA rules, or a reinsurance undertaking, which is also a UK Solvency II Firm as defined by the PRA rules. .
12 Amendments to the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001
(1) The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001 are amended as follows. (2) In regulation 2 (interpretation), after the definition of “prescribed disciplinary proceedings”, insert— “PRA rules” means the rules made by the PRA under the Act as they have effect from time to time; . (3) After regulation 10C insert— Disclosure of information in order to publish a stress test in relation to insurance undertakings and reinsurance undertakings 10D. The PRA or a person who is employed by the PRA may disclose confidential information if it is necessary to do so in order to publish the outcome of a stress test conducted in respect of an insurance undertaking, which is also a UK Solvency II Firm as defined by the PRA rules, or a reinsurance undertaking, which is also a UK Solvency II firm as defined by the PRA rules. . (4) After regulation 12C insert— Disclosure of information in order to publish a stress test in relation to insurance undertakings and reinsurance undertakings 12D. The PRA or a person who is employed by the PRA may disclose confidential information if it is necessary to do so in order to publish the outcome of a stress test conducted in respect of an insurance undertaking, which is also a UK Solvency II Firm as defined by the PRA rules, or a reinsurance undertaking, which is also a UK Solvency II Firm as defined by the PRA rules. .
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