On 26 November 2016, the FCA and PRA in the UK published separate (but related) consultation papers on changes proposed based on the requirements of the Solvency II Directive. The PRA's consultation paper (CP26/14) proposes changes to its rules on the governance and fitness and propriety of individuals, including in relation to a new senior insurance managers regime (SIMR). It is proposed that the SIMR will be broadly aligned with the regime for banks, imposing responsibilities to senior persons who are key function holders. In its consultation paper (CP14/25), the FCA proposes (amongst other matters) changes to its approved persons assessment regime and the application of new Conduct Rules for approved persons. Notably, the FCA has decided to postpone its consideration of whether non-executive directors will fall within its amended approved person regime for Solvency II firms (pending review of responses on a parallel consultation which should be read in conjunction). Comments are invited on both consultations until 2 February 2015.