What do the FSA changes to internal model approval mean for you?

 

At the FSA's Solvency II Conference on the 18th April, the FSA announced the following key changes to their approach to internal model approval.

  • PAQC is now closed.
  • The internal model approval process (IMAP) submission window has been pushed back and shortened and is now 30 March 2012 to 31 May 2012.
  • The FSA's level of engagement has changed and is dependent now on the size and impact of the firm.
  • Independent review of approach was encouraged to help FSA oversight.

 

What do the FSA changes to internal model approval mean for you? This publication provides an insight as to what this could mean for your Solvency II programme, the implications on your relationship with the FSA and the likely costs involved in achieving Solvency II compliance.

 

Read the full article to assess the implications for your organisation and see how PwC can help.