Part VII - UK Regulatory Guidance and Background

Prudential Regulatory Authority- Part VII Guidance*
- The Bank of England Prudential Regulatory Authority approach to insurance business transfers under Part VII of the Financial Services and Markets Act 2000 (FSMA), insurance business transfers from Switzerland, and friendly society transfer of engagements and amalgamations.
- *updated version – https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/statement-of-policy/2022/the-pras-approach-to-insurance-business-transfers-sop-jan-2022.pdf[1]
Financial Conduct Authority Slides*
- The Financial Conduct Authority’s (FCA)’s guidance and role in reviewing insurance business transfers schemes under Part VII of the Financial Services and Markets Act 2000 (FSMA) (Part VII Transfers or Schemes). The FCA’s views provided to the Court are based on their assessment of the Part VII transfer against their own statutory objectives, which are separate to the PRA’s statutory objectives.
- Updated version – https://www.fca.org.uk/publication/finalised-guidance/fg22-1.pdf
Financial Conduct Authority Handbook
- This chapter of the Financial Conduct Authority Handbook provides guidance in relation to business transfers.
SUP 18.1 Application - FCA Handbook
List of Part VII transfers
INSURANCE BUSINESS TRANSFERS AND DIVISIONS: DEVELOPMENTS IN TWO SIMILAR, BUT DIFFERENT, PROCESSES: INSURANCE BUSINESS TRANSFERS AND DIVISIONS: DEVELOPMENTS IN TWO SIMILAR, BUT DIFFERENT, PROCESSES (forc.org)