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A new directory of those working in financial services will be introduced alongside the existing financial services register, the Financial Conduct Authority (FCA) has announced. 09 Jul 2018
EU financial services firms will be able to continue their activities in the UK for a "time-limited period" after Brexit, even in the absence of agreement on a formal transitional period, the UK Treasury has confirmed. 29 Jun 2018
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.
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.
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...
ANALYSIS: A new checklist has been developed by the European Banking Authority (EBA) to help banks and other financial institutions understand when they might rely on 'pooled audits' of service providers. 26 Jun 2018
ANALYSIS: Time is running out for financial firms who intend to seek authorisation to operate in Ireland before the UK leaves the EU. 18 Jun 2018
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