FCA Policy Statement PS26/2 - material third party reporting
This is the second of two Hot TopICS on this subject, outlining the FCA’s new operational incident and third party reporting requirements. In this latest Hot TopICS, we will cover material third party reporting. In our first (May) related Hot TopICS we…
FCA Policy Statement PS26/2 – Operational incident reporting
This is the first of two Hot TopICS outlining the FCA’s new operational incident and third-party reporting requirements. In this Hot TopICS, we will cover the background to the publication of the new rules and guidance, and the operational incident reporting…
FCA report on consumer understanding: good practice and areas for improvement
The FCA has published examples of good and poor practice relating to the Consumer Duty’s consumer understanding outcome, set out in the FCA Handbook at PRIN 2A.5. . The guidance is relevant to all regulated firms, includes extra commentary for smaller firms,…
FCA Regulatory Priorities Report – insurance sector
In line with being a smarter regulator providing more ‘streamlined’ regulation, the FCA has replaced its Portfolio Letters with a more succinct suite of annual Regulatory Priorities Reports. The new sectoral Reports are similar to the ‘Sector Views’…
FCA Market Study reports: Pure Protection and Premium Finance
The FCA has published its interim report in relation to its Market Study MS24/1 – pure protection insurance (the final report expected in Q3 2026). and has also published the final report for its premium finance market study MS24/2.
FCA simplifies insurance rules and proposes other clarifications and simplifications
In December, the FCA announced its publication of Policy Statement PS25/21, in which it set out what it sees as simplifications of insurance-related Handbook rules and requirements.