The Financial Services Authority (FSA) is to carry out a review the effectiveness of its general insurance regulatory regime.
Speaking at the Chartered Insurance (CII) annual conference yesterday, Clive Briault, FSA managing director of retail markets, says: “If the review leads us to conclude that changes to our rules and guidance are necessary, we will, of course, consult on these in the usual way”. The review will begin in April 2006 and focus on retail conduct of business requirements and how well the regime is meeting the intended outcomes for consumers set out in the consultation process in January 2005, says the FSA. Briault says the review will be built on three core features: encouraging feedback from...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes