The PRA has updated a document issued in October 2012 describing its intended approach to insurance supervision. Key changes made to the document include amendments (a) to reflect the introduction of an interim (pre-Solvency II) approach which allows insurers to use (to the extent possible) their Solvency II work to meet capital adequacy rules (b) to the 'approved persons' section and (c) to the 'resolvability' section of the document (including identifying certain gaps that exist in the current insolvency section and the PRA's focus/activities in this regard).