Clifford Chance

Delivering Solvency UK: Final matching adjustment reforms published

July 9, 2024

On 6 June 2024, the Prudential Regulation Authority (PRA) issued Policy Statement PS10/24 providing feedback on responses to its Consultation Paper CP19/23, which proposed reforms to the Solvency II Matching Adjustment (MA). PS10/24 includes the PRA's final policy, which encompasses a new MA Part of the PRA Rulebook, amendments to other parts of the Rulebook, updated supervisory statements, a new Statement of Policy (SoP) on MA permissions, and minor amendments to the PRA's existing SoP on the publication of Solvency II technical information.

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