On 23 March 2015, the PRA published a policy statement containing certain 'fit and proper' rules for senior insurance (and banking) managers. From the insurance perspective, the statement implements the PRA's new Senior Insurance Managers Regime (SIMR) for (re)insurers captured by Solvency II. SIMR will come into force on 7 March 2016 (though aspects required under Solvency II will apply from 1 January 2016). It is expected that further SIMR rules will be published later in 2015. For this purpose (and to revise the wider approved persons regime) the FCA and PRA subsequently published a joint consultation on other proposed changes; including to the FCA Handbook and PRA Rulebook. Separate consultations have been launched for insurance sector firms not falling within Solvency II. Responses to the consultations mentioned are invited by 15 May 2015.