FSA to review 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...