Regulatory Updates

The FCA has published a Consultation Paper CP24/28 in relation to reporting operational incidents and reporting material third-party arrangements. Within the Consultation (see Appendix 2 of the Draft Rules section) there is a link to the proposed operational…

FOS has published its responses to its Consultations charging Claims Management Companies (CMCs) and other Professional Representatives (PRs), and has written to the FCA with the outcome accordingly. FOS published its second consultation paper in May 2024 on…

As part of the product approval process, manufacturers (insurers) of insurance products must determine whether the products they bring to the market offer fair value, and perform a fair value assessment. The Financial Conduct Authority (FCA) defines fair value…

In an interestingly-timed publication, soon after the FCA Value Measures data publication and following the publication of the FCA Thematic Review TR24/2, the FCA’s Financial Services Consumer Panel has published a research paper about consumer experience with…

Following a review of general insurance (GI) and pure protection (PP) manufacturers’ and distributors’ product oversight and governance arrangements, the FCA has published a Thematic Review – TR24/2 – “Product Oversight and Governance thematic review – General…

The FCA is asking for views on whether, where and how it can refine and simplify its retail conduct rules and guidance, whilst still ensuring that it continues to support and protect consumers. The FCA particularly wants to address potential areas of…