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The biggest European insurers are on track to have implemented new regulatory requirements before the end of this year, according to an industry survey. 27 Aug 2015
FOCUS: Recent thematic work by the Financial Conduct Authority (FCA) reinforces and clarifies that insurers remain responsible for ensuring that delegated underwriting services comply with regulatory requirements. Insurers must check that this is clearly reflected... 25 Aug 2015
Part VII of the 2000 Financial Services and Markets Act (FSMA) sets out the statutory mechanism allowing insurers and reinsurers to transfer portfolios of insurance business from one entity to another, subject to court approval.
Retailers are expected to protect anyone who enters their premises from harm, by removing or controlling risks to employees, volunteers, contractors or members of the public.
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...
Financial regulators have been using attestations for a number of years to obtain personal commitments from named individuals about a particular state of affairs at their firms. However, recent moves by the Financial Conduct Authority (FCA) and Prudential...
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...
Financial advisers have been asked to contribute to an industry survey that seeks to establish whether they are spending more than the 12% of their income reported last year on regulatory and compliance measures. 21 Aug 2015
Recent announcements by UK regulators indicate that the largest life insurers are "on track" to meet more stringent capital requirements due to come into force next year, according to ratings agency Fitch. 19 Aug 2015
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