The PRA has published its feedback on responses it received to its consultation paper on reform of the Solvency II Matching Adjustment, together with new rules, supervisory statements and statements of policy and consequential amendments. The implementation date for the changes is 30 June 2024, which the PRA says means firms that use the Matching Adjustment can take advantage of the change in advance of the main Solvency II reforms, which will take effect at the end of the year.
