Pollyanna Deane is a Partner in Fox Williams LLP's Financial Services Regulatory Team, and is also a member of Practical Law Financial Services' Consultation Board.

In her column for August 2021, Pollyanna considers the proposals set out in the PRA's July 2021 consultation paper on updating its Statement of Policy (SoP) on its approach to insurance business transfers (IBTs) under Part VII of the Financial Services and Markets Act 2000 (FSMA) and the Friendly Societies Act 1992 (CP16/21).