On 16 December 2015, the FCA released a policy statement on final rules on changes to the Approved Persons Regime for insurers not subject to Solvency II. This sets out the changes to the FCA's Handbook and forms; as well as feedback on responses received during consultation. The FCA will categorise insurers and apply proportionate rules (and has adopted the PRA's definitions of 'small' and 'large' insurers in this respect).