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Brexit and cyber attacks are two of the "key risks to the EU financial system", the joint committee of the EU supervisory authorities (ESAs) has said. 19 Apr 2018
Major insurers in the UK must "consider a broad set of qualities and competencies" when recruiting board members, and have a policy in place to promote board diversity, under new rules that came into effect on 9 April. 16 Apr 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...
The Financial Conduct Authority (FCA) has released its business plan for 2018/19, focusing heavily on the resources needed to deal with the UK’s withdrawal from the EU. 10 Apr 2018
ANALYSIS: There remains a risk that car dealerships and finance companies will be caught up in a mis-selling scandal around the sale of 'personal contract purchases' (PCPs) to vehicle buyers following the publication of a report by the UK's Financial Conduct... 05 Apr 2018
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