PRA sets expectations on EIOPA Guidelines: PRA has published a supervisory statement in which it confirms its expectation that firms comply, in a proportionate manner, with EIOPA's Solvency 2 Set 1 Guidelines. The statement also contains some commentary by PRA on issues such as own-funds, treatment of related undertakings and loss-absorbing capacity. (Source: PRA Statement and EIOPA Solvency 2 Set 1 Guidelines)