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FOCUS: The Financial Conduct Authority (FCA) has set out its concerns about the way in which investment consultants operate and their impact on competition as part of the interim findings from its market study of asset management. 19 Jan 2017
EU insurers will no longer have to post collateral before they can reinsure risks underwritten in the US, under the final terms of a covered agreement between the two jurisdictions. 19 Jan 2017
The EU's Solvency II Directive came into force on 1 January 2016. The directive consolidates and harmonises existing EU insurance directives including life and non-life directives, the reinsurance directive and various others.
The Insurance Distribution Directive makes it easier for firms to trade cross-border, create a level playing field among all participants and strengthen policyholder protection.
The 2015 Insurance Act (2015 Act) applies to all commercial contracts of insurance, and variations to existing contracts of insurance, from 12 August 2016 and introduces what the UK government has described as “the biggest reform to insurance contract...
New rules will apply when insurers outsource "critical or important operation functions or activities" once the Solvency II regulatory regime comes into force on 1 January 2016. This short guide will provide a brief overview of the requirements, as well as...
Anti-competitive agreements are prohibited by European and domestic competition law. This means any anti-competitive provisions in commercial agreements are void and unenforceable which could lead to the entire agreement being unenforceable.
Those producing or selling packaged retail investment and insurance-based investment products (PRIIPs) will have to provide key information documents (KIDs) from the end of 2016.
An insurance firm has been fined by the UK's data protection watchdog over the theft from its premises of a storage device containing information on nearly 60,000 customers. 11 Jan 2017
The UK should consider reorganising its governance of cyber risk in financial services so that there is "a single point of responsibility", a prominent MP has suggested. 21 Dec 2016
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