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Businesses cannot wait for clarity over the terms of the UK's final deal with the EU before taking steps to prepare for Brexit, an expert has warned. 04 Sep 2018
UK insurance brokers are questioning the application of 'enhanced equivalence' proposals in the UK government's Brexit documents for financial services and are seeking the introduction of a new 'equivalence' regime, similar to that available to investment... 27 Aug 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...
The cost of making some card payments, and the time taken to process other transactions, could increase if there is no Brexit deal, the UK government has said. 24 Aug 2018
Financial services regulators from around the world are consulting on plans to let businesses test fintech innovations in multiple jurisdictions at the same time. 08 Aug 2018
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