PRA issues changes to policies for insurance special purpose vehicles
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PRA issues changes to policies for insurance special purpose vehicles

Aisling Finn
16 December 2022
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The Prudential Regulatory Authority (PRA) has sought to ease some of the regulatory burdens around the management of insurance special purpose vehicles (ISPV), with changes that include clarifications to help stakeholders in the ILS market.

The regulator has issued the changes as part of its response to a consultation it opened in July, with an aim to develop the broader regime for ISPVs and in turn bolster participation in the UK’s ILS market.

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