The PRA's approach to supervision

31 October 2018 The PRA's approach to supervision The PRA approach documents set out how the PRA carries out its role in practice. Today we have published the PRA’s approach to supervision for banking and insurance. View approach documents The PRA publishes CP27/18 In this consultation paper (CP), the Prudential Regulation Authority (PRA) sets out its proposals to amend Supervisory Statement (SS) 3/15 ‘Solvency II: the quality of capital instruments’. It proposes an expectation that insurers will deduct the maximum tax charge generated on write-down, when including items listed in Articles 69(a)(iii) and (b) of the Solvency II Regulation (the ‘Solvency II Regulation’) or certain items approved under Article 79 of the Solvency II Regulation to be recognised as restricted Tier 1 own funds (rT1) in their own funds.