4
Permitted Non-Disclosure: Solvency and Financial Condition Report
4.1
Where a firm is granted a waiver by the PRA permitting the firm not to disclose information otherwise required to be disclosed pursuant to 3.3(1) to (4) and 3.4 in its SFCR, the firm must make a statement to this effect in its SFCR and state whether the non-disclosure is permitted because:
- (1) the disclosure of that information would enable competitors of the firm to gain a significant, undue advantage; or
- (2) the firm has obligations to policyholders or other counterparty relationships which bind the firm to secrecy or confidentiality.
[Note: Art. 53(1) and Art. 53(2) of the Solvency II Directive]
- 01/01/2016