Insurance: Foreign Companies

HM Treasury written question – answered on 16th November 2017.

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Photo of Stephen Hammond Stephen Hammond Conservative, Wimbledon

To ask Mr Chancellor of the Exchequer, what the timetable is for the Prudential Regulation Authority to issue guidance for insurance firms headquartered in the EEA on the criteria for authorisations for third party branches and subsidiaries in the UK after the UK leaves the EU.

Photo of Stephen Barclay Stephen Barclay The Economic Secretary to the Treasury

Authorisation of insurers is a matter for the Prudential Regulation Authority, which is independent of government. This is a matter for the Bank of England.

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