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CP8/17 'Strengthening Accountability in Banking and Insurance: Optimisation to the SIMR, and changes to SMR forms'

This CP sets out proposed amendments and optimisations to the SIMR. It also includes a proposal to strengthen governance through requiring insurers to take steps to encourage board diversity -

http://www.bankofengland.co.uk/pra/Pages/publications/cp/2017/cp817.aspx

 

Chapters 2 and 3 of this CP are relevant to all Solvency II insurance firms, and to large non-Directive firms (large NDFs). Chapter 4 of this CP is relevant to banks, building societies, credit unions, and PRA designated investment firms.

The consultation on the proposals in Chapters 2 and 3 closes on Friday 22 September 2017.