The Prudential Regulation Authority has published a policy statement containing its final policy on reform of the matching adjustment, having consulted on this topic in September 2023. The publication of the PRA’s final rules and guidance lays the groundwork for the MA reforms – a key element of the UK’s wider Solvency II reform process – to take effect on 30 June 2024.
Although the consultation process has resulted in some finessing of the details, the basic architecture of the MA reforms has been realised very much in line with the PRA’s original vision.
Read more in our client alert.
For further information, please contact:
Duncan Barber, Partner, Linklaters
duncan.barber@linklaters.com
