Consultation on revised Guidelines on ring-fenced funds - Solvency II Review

A review of the Guidelines on ring-fenced funds has led to the proposed deletion of several guidelines and the update of certain legal references to address inconsistencies, resulting in a 29% reduction in the total number of guidelines. Moreover, amendments to the guidelines reflect that, following the Solvency II Review, not all MA portfolios will be treated as ring-fenced funds.