Recent regulatory developments of interest to insurers and their intermediaries. See also our Financial institutions general regulatory news in the Related Materials links.
The Lloyd's Market Association has published guidance on value measures reporting and product governance requirements published in the UK Financial Conduct Authority's (FCA) policy statement, PS20/9, on general insurance value measures reporting and publication. The guidance document includes a summary of the requirements and FCA FAQs. The requirements take effect on 1 July 2021.
Authored by Yvonne Clapham
Download the full bulletin of regulatory news for financial institutions, 15 March 2021
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