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The number of enforcement actions opened by the Financial Conduct Authority (FCA) has rocketed by 23% during the last 12 months, with the number of investigations into governance issues and financial crime soaring. 15 Aug 2018
A new insurance and liability regime for driverless cars has been finalised in the UK. 02 Aug 2018
The Senior Managers and Certification Regime (SMCR), which is designed to make individuals at financial firms more accountable, will apply to insurers from 10 December 2018.
This guide was updated in December2017
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...
Motor insurers in the UK are to share the costs involved in meeting third party claims raised by victims of terrorist attacks involving vehicles. 26 Jul 2018
LEGAL UPDATE: The Law Commission in England has published a draft Insurable Interest Bill which it hopes will modernise insurable interest laws. It updates a previous draft bill from 2016 taking into account responses from the consultation. If implemented,... 18 Jul 2018
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