The FCA has launched a consultation on its draft guidance on how insureds can prove the presence of Covid-19 in a particular area around their premises in the context of a BI claim. The consultation closes on 18 January, and the draft guidance can be found here. The...
Among the topics included in the FCA’s latest Quarterly Consultation Paper, just published, is a proposed increase of around 4% in the minimum levels of professional indemnity insurance (PII) firms must hold. The proposed increases would bring the FCA Handbook’s...
Following the FCA’s decision to require insurance firms to offer renewing home and motor policyholders a price no higher than equivalent new customers, the regulator is engaging with affected firms to work through the implications of the radical intervention it’s...
The FCA has issued a press release reminding firms to be ready for end of the transition period. With less than a month to go until the transition period expires at 11pm on 31 December, the regulator has joined HMG in urging firms to be ready – without being...
The FCA has stressed that firms must ensure their staff have been adequately trained by 31 March next year on how the incoming SM&CR rules apply specifically to their daily roles. A newly released explainer video on the FCA’s website outlines what’s expected of...
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