GISC battles for exemption from CCAT verdict

The General Insurance Standards Council (GISC) has requested its contested Rule F42 be made exempt from the Competition Commission Appeal Tribunal's (CCAT) verdict that it is anti competitive. The GISC argued that the CCAT was not required to, and did not, consider the public interest benefits of regulation under the GISC regime. The GISC said today that it intends to ask the Director General of Fair Trading (DGFT) to consider its application for an exemption and it will also be seeking support from the Government and consumer bodies. The CCAT's verdict announced earlier this mo...