PRA has published a supervisory statement for NDFs in relation to capital assessments. It separates parts of the Rulebook for friendly societies from other insurers, but with combined rules relating to governance, actuarial requirements, with-profits, run-off operations and transitional measures parts which contain rules for all NDFs, and has been issued following a consultation (see FReD 21 August). (Source: PRA SS43/15 – Prudential Rules for NDFs)