Insurance

 

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    On 3 December, HMT published a call for evidence and the FCA published a consultation paper on changes to the Appointed Representative (AR) regime. While HMT and the FCA both acknowledge that the AR regime serves an important function, there is concern that it is now being used for purposes ...

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    PL

    The European Commission has reviewed Solvency II Directive[1] and provided amendments to this directive[2] ("Draft”)[3]. The proposed changes in this Draft aim to further strengthen the insurance sector and to encourage insurance undertakings to adopt long-term sustainable financing of the economy. This means that insurance and reinsurance undertakings should prepare ...

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    In response to irregularities in the application of the Polish Act on Insurance Distribution (implementing an EU Directive) uncovered during audits, the Polish Financial Supervision Authority (PFSA) issued a statement on 1 October 2021, which outlines recommendations in response to crucial distribution issues. The Statement is addressed to insurance undertakings ...

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    Belgium recently amended legislation on client money rules applicable to Belgian insurance intermediaries, bringing the law in line with regulations found in the EU's Insurance Distribution Directive (IDD), although the rules still contain gaps regarding reinsurance contracts. For years, Belgian insurance law provided for a general regime of risk transfer ...

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    Introduction On 30 June 2021, Singapore and the UK entered into a landmark partnership for cooperation on financial services (Financial Partnership) at the sixth UK-Singapore Financial Dialogue (Financial Dialogue).[1] The Financial Partnership, which follows shortly after the Joint Political Statement on the Singapore-UK Partnership for the Future on 4 March ...

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