PRA: PS10/24: Review of Solvency II – reform of the Matching Adjustment
Further to CP19/23, PRA has published feedback and final policy, including a new SoP on MA permissions, updates to a number of supervisory statements and a new MA Part of the PRA Rulebook. The implementation date for final rules and policy materials reflecting policy changes set out in this PS is 30 June 2024, unless otherwise stated. It is noted that PRA considers that implementation of the reforms on 30 June 2024 will mean that firms that use the MA will be able to take advantage of these reforms in advance of the remainder of the Solvency II reforms, which will be implemented on 31 December 2024.
Last updated · 13 Mar 2026
Regulatory News - Insurance
See allFCA: Board minutes
FCA has now published the minutes of its 29 January 2026 board meeting. It is stated that “the Board observed the positive outcomes achieved by driving change through outcomes-focused supervisory activity rather than relying solely on rules”.
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FCA: Regulatory priorities - pensions
FCA’s first annual regulatory priorities report for the pensions sector sets out its priorities for the coming year: ensuring well-run schemes that provide value for money to savers; encouraging effective support for consumers; supporting growth and innovation, and modernising pensions and long-term savings. The report also notes other areas of focus. FCA has included an indicative timeline for specific workstreams.
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HMT: Market Engagement Group
HMT has published the ToR for a senior‑level forum for financial market participants to share their views on UK-related developments in financial markets and broader market themes with Rachel Reeves.
FCA: CP26/8: Quarterly Consultation Paper
FCA has published the latest of its QCPs, which seeks feedback on various proposed amendments and corrections, including with regard to: amendments to CASS in relation to cryptoasset activities; transparency requirements for financial instruments and rights of action for damages in MAR; increasing the threshold for commodity derivatives under UK EMIR; amending the prohibition on non-cash distributions on own funds instruments for FCA investment firms; minor changes to UK Listing Rules, and amendments relating to ENFG, UNFCOG, ICOBS and CONC.
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FCA: Appointments
FCA has announced new appointments to its senior leadership team.