PRA is consulting on a draft supervisory statement setting out its views on capital extractions by run-off firms within the general insurance sector. The statement sets out what senior management of general insurance firms in run-off should take into account when considering making a request to PRA to extract capital from the firm during the course of a run-off.  Firms should not seek a capital extraction that would bring the level of capital below its overall solvency needs as set out in the firm’s risk assessment. PRA is updating the statement to reflect changes to the PRA Rulebook that will occur under Solvency 2 and NDF regimes coming into force on 1 January 2016. PRA seeks comments by 20 January 2016. (Source: PRA CP42/15 – Capital Extractions)