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The Solvency 2 and Insurance (Amendment, etc.) (EU Exit) Regulations 2019

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The Solvency 2 and Insurance (Amendment, etc.) (EU Exit) Regulations 2019, SCHEDULE 3 is up to date with all changes known to be in force on or before 29 April 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.

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Changes and effects yet to be applied to Schedule 3:

Changes and effects yet to be applied to the whole Instrument associated Parts and Chapters:

Whole provisions yet to be inserted into this Instrument (including any effects on those provisions):

  • reg. 13 inserted by S.I. 2019/710 reg. 41 (This amendment not applied to legislation.gov.uk. Reg. 41 omitted immediately before IP completion day by virtue of S.I. 2020/1385, regs. 1(4), 64(5))

Regulation 4

SCHEDULE 3U.K.Provisions deemed to be PRA rules

This schedule has no associated Explanatory Memorandum

1.  The correlation coefficients for non-life underwriting risk contained in the correlation matrix in Article 114(3).U.K.

Commencement Information

I1Sch. 3 para. 1 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

2.  The correlation coefficients for life underwriting risk contained in the correlation matrix set out in Article 136(3).U.K.

Commencement Information

I2Sch. 3 para. 2 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

3.  The correlation coefficients for health underwriting risk contained in the correlation matrix set out in Article 144(3).U.K.

Commencement Information

I3Sch. 3 para. 3 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

4.  The correlation coefficients for SLT health underwriting risk sub-module contained in the correlation matrix set out in Article 151(3).U.K.

Commencement Information

I4Sch. 3 para. 4 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

5.  The correlation coefficients for market risk contained in the correlation matrix in Article 164(3).U.K.

Commencement Information

I5Sch. 3 para. 5 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

6.  Annex 2 - Segmentation Of Non-Life Insurance And Reinsurance Obligations And Standard Deviations For The Non-Life Premium And Reserve Risk Sub-Module.U.K.

Commencement Information

I6Sch. 3 para. 6 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

7.  Annex 3 - Factor For Geographical Diversification Of Premium And Reserve Risk.U.K.

Commencement Information

I7Sch. 3 para. 7 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

8.  Annex 4 - Correlation Matrix For Non-Life Premium And Reserve Risk.U.K.

Commencement Information

I8Sch. 3 para. 8 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

9.  Annex 5 - Parameters For The Windstorm Risk Sub-Module.U.K.

Commencement Information

I9Sch. 3 para. 9 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

10.  Annex 6 - Parameters For The Earthquake Risk Sub-Module.U.K.

Commencement Information

I10Sch. 3 para. 10 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

11.  Annex 7 - Parameters For The Flood Risk Sub-Module.U.K.

Commencement Information

I11Sch. 3 para. 11 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

12.  Annex 8 - Parameters For The Hail Risk Sub-Module.U.K.

Commencement Information

I12Sch. 3 para. 12 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

13.  Annex 9 - The Geographical Division Of Regions Set Out In Annex V Into Risk Zones.U.K.

Commencement Information

I13Sch. 3 para. 13 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

14.  Annex 10 - Risk Weights For Catastrophe Risk Zones.U.K.

Commencement Information

I14Sch. 3 para. 14 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

15.  Annex 11 - Liability Risk Groups, Risk Factors And Correlation Coefficients For The Liability Risk Sub-Module.U.K.

Commencement Information

I15Sch. 3 para. 15 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

16.  Annex 12 - Groups Of Obligations And Risk Factors For The Sub-Module For Other Non-Life Catastrophe Risk.U.K.

Commencement Information

I16Sch. 3 para. 16 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

17.  Annex 13 - List Of Regions For Which Natural Catastrophe Risk Is Not Calculated Based On Premiums.U.K.

Commencement Information

I17Sch. 3 para. 17 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

18.  Annex 14 - Segmentation Of NSLT Health Insurance And Reinsurance Obligations And Standard Deviations For The NSLT Health Premium And Reserve Risk Sub-Module.U.K.

Commencement Information

I18Sch. 3 para. 18 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

19.  Annex 15 - Correlation Matrix For NSLT Health Premium And Reserve Risk.U.K.

Commencement Information

I19Sch. 3 para. 19 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

20.  Annex 16 - Health Catastrophe Risk Sub-Module Of The Solvency Capital Requirement Standard Formula.U.K.

Commencement Information

I20Sch. 3 para. 20 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

21.  Annex 19 - MCR Risk Factors For Non-Life And Health Insurance Or Reinsurance Obligations.U.K.

Commencement Information

I21Sch. 3 para. 21 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

22.  Annex 22 - Correlation Coefficients For Windstorm Risk.U.K.

Commencement Information

I22Sch. 3 para. 22 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

23.  Annex 23 - Correlation Coefficients For Earthquake Risk.U.K.

Commencement Information

I23Sch. 3 para. 23 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

24.  Annex 24 - Correlation Coefficients For Flood Risk.U.K.

Commencement Information

I24Sch. 3 para. 24 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

25.  Annex 25 - Correlation Coefficients For Hail Risk.U.K.

Commencement Information

I25Sch. 3 para. 25 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

26.  Annex 26 - Correlation Coefficients For Subsidence Risk.U.K.

Commencement Information

I26Sch. 3 para. 26 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)

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