Insurance Update - May 2018

The following topics are covered in this issue. To see the articles, please log on to our Knowledge Portal or contact your usual Linklaters’ contact

• EU proposals to revise calibrations for securitisation investments
• European Commission report on group supervision and transitional period for IORPs
• EU and US bilateral agreement on prudential measures comes into force
• European Commission Action Plan on sustainable finance
• EIOPA Opinion on solvency position of undertakings in light of Brexit
• UK’s PRA finalises approach to branch authorisation and supervision; Bank of England provides Brexit update
• Decoding Brexit for financial services: where are we now?
• UK – Extension of the Senior Managers and Certification Regime to insurers
• UK’s PRA consults on modelling of volatility adjustment and on external audit of public disclosure requirement
• UK PRA “Dear CEO” letter re capital extractions by insurance firms in run-off
• UK implementation of Insurance Distribution Directive
• China – Establishment of China Banking and Insurance Regulatory Commission
• China – Business scope of foreign invested insurance agencies expanded
• China publishes new rules on equity holdings in insurance companies and banks
• Recent deals