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FOCUS: The UK's approach to insurance regulation is often at the more prescriptive end of the scale, making a mass roll-back of regulatory burdens unlikely should the country vote to leave the EU in June. 27 Apr 2016
Promoters of VAT avoidance schemes should be required to provide details of those schemes to HM Revenue and Customs (HMRC) in the same way as promoters of tax avoidance schemes more generally are required to do under the existing DOTAS rules, HMRC has said.... 26 Apr 2016
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 will, subject to an 18-month transition period, introduce what the UK government has described as “the biggest reform to insurance contract law in more than a century”.
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 produce key information documents (KIDs) as a result of planned EU legislation designed to make it easier for retail investors to compare products...
The Financial Conduct Authority (FCA) is to work more closely with major banks and insurers to address barriers to innovation, the UK government has said. 25 Apr 2016
Annuity holders who purchased their policy with funds from a final salary pension scheme will be able to sell it through the planned secondary annuity market, the government has confirmed. 22 Apr 2016
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