Recent regulatory developments of interest to insurers and their intermediaries. See also our General regulatory news in the Related Materials links.
On 11 November 2020, the UK Financial Conduct Authority (FCA) updated the webpage on its business interruption insurance test case. The FCA has given links to:
The European Insurance and Occupational Pensions Authority (EIOPA) has published a survey on the application of the Insurance Distribution Directive (IDD). The survey is the first step in EIOPA's preparation of a report assessing the application of the IDD that it is required to prepare under Article 41(4) of the IDD.
Responses to the survey are requested by 1 February 2021. EIOPA may launch a second survey at a later stage.
The International Association of Insurance Supervisors (IAIS) has published the following three documents for consultation:
Authored by Yvonne Clapham
Download the full bulletin of regulatory news for financial institutions, 16 November 2020
Financial institutions general regulatory news, 16 November 2020
Banking and finance regulatory news, 16 November 2020
Consumer finance regulatory news, 16 November 2020
Funds and asset management regulatory news, 16 November 2020
Securities and markets regulatory news, 16 November 2020
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