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ARTICLE · 30 OCTOBER 2026

Final Call For Consultation Comments: UK Captives

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The UK's insurance captives consultations close on 14 October 2026, marking the final opportunity for industry input on a new regime expected to launch mid-2027. Recent PRA roundtable minutes reveal key clarifications on use cases, capital requirements, and the regulatory framework, while highlighting unresolved challenges around redomiciliation and protected cell companies.

United KingdomInsurance
William Reddie
William Reddie
Simon Williams
Simon Williams

Key takeaways

  • This week is the last chance for industry submissions, with the UK’s insurance captives consultations (FCA CP26/29 and PRA CP11/26) closing 14 October 2026.
  • To recap, the new regime is expected to be implemented in mid-2027, while provision for PCCs is planned for a later stage.
  • With useful indications of PRA and UK Treasury thinking on some key points, the PRA has published the minutes of its September 2026 CP11/26 industry roundtable. This update provides an overview, together with our analysis of why it matters.
  • Our previous updates are here, here, here, and here, and our recent Insurance Day article here.

Snapshot

The PRA and UK Treasury roundtable responses are clarificatory rather than revolutionary. We anticipate that the outcome of the consultations will largely be fine-tuning of the authorities’ existing proposals.

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