On 12 December 2014, the Prudential Regulation Authority (PRA) in the UK published information on the outcome of its 2014 standardised risk information data assessment for general insurers and Lloyd's managing agents. The assessment results will support preparations for Solvency II. Key points highlighted by the PRA included inconsistencies in submissions received by it regarding premium and reserve risks and some unexpected correlations between market risk components. The PRA intends to provide firms with feedback (and requests for further clarification) where appropriate. On 15 December 2014, the PRA updated its Solvency II webpage to include information on its upcoming review of suitability of the standard formula for those firms intending to use it for the purpose of Solvency II. The review will take place throughout 2015, beginning in Quarter 1 with those identified by the PRA as priority firms.