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The UK Financial Conduct Authority (FCA) has laid out the scope of its investment platforms market study, announcing it will cover a wide range of groups and topics in a bid to assess the competitiveness of the market. 18 Jul 2017
A major global cyber-attack could trigger up to $121 billion of economic losses, according to insurance market Lloyd's of London. 17 Jul 2017
This guide was updated in July 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.
An EU financial watchdog has warned UK-based insurers that there will be no shortcuts open to them to continue operating across the EU single market upon Brexit, according to an expert in financial regulation. 12 Jul 2017
The Court of Appeal has ruled that qualified one-way costs shifting (QOCS) should apply where an injured party has the right to pursue compensation against an organisation such as an insurance company or tour operator, rather than the wrongdoer. 11 Jul 2017
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