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The Financial Conduct Authority (FCA) intends to extend its accountability rules for senior staff to the rest of the financial services sector in a way that is "clear, simple and proportionate", its head of conduct has said. 09 Feb 2017
Insurance regulation should be framed in such a way that they support digital processes and technology-driven solutions, an umbrella organisation for insurance industry trade bodies across Europe has said. 09 Feb 2017
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.
On 1 April 2015, UK financial regulators the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) gained new competition law powers, which they can exercise concurrently with the Competition and Markets Authority (CMA).
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.
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 (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 published its first set of data on insurers' claim rates and average payouts, designed to encourage firms to improve the value of their products. 26 Jan 2017
There will be no return to 'light touch' regulation from the Financial Conduct Authority (FCA), the regulator's head of enforcement has said. 24 Jan 2017
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