The Insurance and Reinsurance Undertakings (Overseas Insurance Regime, Transitional Provisions, etc.) Regulations 2024
These Regulations make a series of technical amendments to secondary legislation relating to the prudential regulation of insurance firms in the United Kingdom to ensure that it continues to function following implementation of the Solvency II reforms made by the Insurance and Reinsurance Undertakings (Prudential Requirements) (Risk Margin) Regulations 2023 (S.I. 2023/1346), the Insurance and Reinsurance Undertakings (Prudential Requirements) Regulations 2023 (S.I. 2023/1347) and the Insurance and Reinsurance Undertakings (Prudential Requirements) (Transitional Provisions and Consequential Amendments) Regulations 2024 (S.I. 2024/594), and the revocation of assimilated law on 31st December 2024 made by the section 1 of and Schedule 1 to the Financial Services and Markets Act 2023 (“FSMA 2023”), as commenced by the Financial Services and Markets Act 2023 (Commencement No. 6) Regulations 2024 (S.I. 2024/620) and the Financial Services and Markets Act 2023 (Commencement No. 8) Regulations 2024 (S.I. 2024/1071).