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FSA Consultation paper 05/9

The proposals in this quarterly consultation paper of most direct relevance to general insurers are amendments to:

• the integrated prudential sourcebook and the interim prudential sourcebook for insurers – to make a number of clarifications following the introduction of the FSA’s new prudential regime for insurers; and

• interim prudential sourcebook for insurers – regarding a form for private submission of the solo Enhanced Capital Requirement "soft test" at 31 December 2005. In addition there is a proposal to require public disclosure of the capital adequacy position of insurance groups and insurance led conglomerates at 31 December 2005 with the requirement becoming a "hard test" at 31 December 2006.