RICS seeks FSA 'opt-out' clause for GI regulation

Complaints now tabled by RICS are placed just nine months ahead of the introduction of general insurance regulation by the FSA, which must be enacted on January 14th 2005 - when the EU Insurance Mediation Directive comes into force – but suggest RICS is "vehemently opposed" to the regulation of its members’ activities in relation to specialist insurance business. Although it is presented late in the day of the general insurance regulations consultation, a letter sent by RICS to chancellor Gordon Brown at the end of March suggests GI rules which are also imposed on chartered surveyors wi...