INSPRU Sch 1 Record keeping requirements

INSPRU Schedule 1.131/12/2006

1The aim of the guidance in the following table is to give the reader a quick overall view of the relevant record keeping requirements.

INSPRU Schedule 1.231/12/2006

It is not a complete statement of those requirements and should not be relied on as if it were.

INSPRU Schedule 1.301/01/2016

Table

Handbook reference	Subject of Record	Contents of Record	When record must be made	Retention Period
INSPRU 1.2.20 R [FCA] [PRA]	Mathematical reserves	The methods and assumptions used in establishing the firm's mathematical reserves, including the margins for adverse deviation, and the reasons for their use The nature of, reasons for, and effect of, any change in approach, including the amount by which the change in approach increases or decreases its mathematical reserves	Not specified	An appropriate period2
INSPRU 1.5.23 R [FCA] [PRA]	Long-term insurance funds	A separate accounting record in respect of each of a firm's long-term insurance funds	Not specified	Not specified
INSPRU 1.5.56 R, INSPRU 1.5.57 R [PRA]	Branch accounting records in the United Kingdom	A record of the activities carried on from a non-EEA direct insurer's United Kingdom branch and, if it is an EEA-deposit insurer, from its branches in other EEA states including a record of: the income, expenditure and liabilities arising from activities of the branch or branches the assets identified under INSPRU 1.1.20 R as available to meet those liabilities	Not specified	Not specified

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