On 13 August 2015, the PRA published a consultation paper (CP27/15) on the prudential regime to apply to (re)insurers which are not subject to Solvency II. The PRA indicates that its proposals do not constitute a substantive change for such firms (except for enhanced governance requirements proposed for firms with assets in excess of £25 million in respect of regulated activities). On 13 August 2015, the PRA and FCA also published consultation papers (PRA CP 26/15 and FCA CP15/25, respectively) on the Senior Insurance Managers Regime (SIMR) for (re)insurers meeting this threshold. This is intended to be similar to the regime which applies to Solvency II firms. Comments are invited until 12 October 2015 to all consultations mentioned. Final rules (PS21/15) have also been published relating to the SIMR for (re)insurers not within the scope of Solvency II but which have assets of less than £25 million.