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Let us help you keep track of the regulatory timelines that impact your business. Our regulatory timeline looks at key announcements and deadlines for all the major FCA, PRA and Bank of England consultations affecting insurance firms, highlighting key deadlines and major milestones that have been announced, with links to the Discussion Papers, Consultation Papers, Interim and Final Reports as well as other major communications from the regulators. The summary below provides an overview of what is on the horizon, or you can delve into the detail on individual pieces of work to see the history as well as the future deadlines.<\/p>\n
These are projects that our Directors, team and Talent Pool are involved with, advising clients and providing operational support, so we have first hand knowledge and experience of the issues for firms looking to understand, respond to and implement change resulting from each of these. We’ve included links to the Discussion Papers, Consultation Papers and Policy Statements as well as links to other relevant materials and communications released by the regulators. These are available by following the links to the specific pages from the timeline or the links shown below. If you would like to know more about how your firm should respond, please get in touch.<\/p>\n
[\/et_pb_text][et_pb_toggle admin_label=”Consumer Duty toggle” title=”Consumer Duty” open_toggle_text_color=”#893494″ open_toggle_background_color=”#ebebeb” closed_toggle_text_color=”#893494″ closed_toggle_background_color=”#ffffff” _builder_version=”4.9.4″ _module_preset=”default” title_level=”h3″ link_option_url=”\/regulatory-timeline-consumer-duty-and-fair-value\/” border_radii=”on|4px|4px|4px|4px” border_width_all=”5px” border_color_all=”#893494″ text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” title_text_shadow_horizontal_length=”title_text_shadow_style,%91object Object%93″ title_text_shadow_horizontal_length_tablet=”0px” title_text_shadow_vertical_length=”title_text_shadow_style,%91object Object%93″ title_text_shadow_vertical_length_tablet=”0px” title_text_shadow_blur_strength=”title_text_shadow_style,%91object Object%93″ title_text_shadow_blur_strength_tablet=”1px” closed_title_text_shadow_horizontal_length=”closed_title_text_shadow_style,%91object Object%93″ closed_title_text_shadow_horizontal_length_tablet=”0px” closed_title_text_shadow_vertical_length=”closed_title_text_shadow_style,%91object Object%93″ closed_title_text_shadow_vertical_length_tablet=”0px” closed_title_text_shadow_blur_strength=”closed_title_text_shadow_style,%91object Object%93″ closed_title_text_shadow_blur_strength_tablet=”1px” body_text_shadow_horizontal_length=”body_text_shadow_style,%91object Object%93″ body_text_shadow_horizontal_length_tablet=”0px” body_text_shadow_vertical_length=”body_text_shadow_style,%91object Object%93″ body_text_shadow_vertical_length_tablet=”0px” body_text_shadow_blur_strength=”body_text_shadow_style,%91object Object%93″ body_text_shadow_blur_strength_tablet=”1px” body_link_text_shadow_horizontal_length=”body_link_text_shadow_style,%91object Object%93″ body_link_text_shadow_horizontal_length_tablet=”0px” body_link_text_shadow_vertical_length=”body_link_text_shadow_style,%91object Object%93″ body_link_text_shadow_vertical_length_tablet=”0px” body_link_text_shadow_blur_strength=”body_link_text_shadow_style,%91object Object%93″ body_link_text_shadow_blur_strength_tablet=”1px” body_ul_text_shadow_horizontal_length=”body_ul_text_shadow_style,%91object Object%93″ body_ul_text_shadow_horizontal_length_tablet=”0px” body_ul_text_shadow_vertical_length=”body_ul_text_shadow_style,%91object Object%93″ body_ul_text_shadow_vertical_length_tablet=”0px” body_ul_text_shadow_blur_strength=”body_ul_text_shadow_style,%91object Object%93″ body_ul_text_shadow_blur_strength_tablet=”1px” body_ol_text_shadow_horizontal_length=”body_ol_text_shadow_style,%91object Object%93″ body_ol_text_shadow_horizontal_length_tablet=”0px” body_ol_text_shadow_vertical_length=”body_ol_text_shadow_style,%91object Object%93″ body_ol_text_shadow_vertical_length_tablet=”0px” body_ol_text_shadow_blur_strength=”body_ol_text_shadow_style,%91object Object%93″ body_ol_text_shadow_blur_strength_tablet=”1px” body_quote_text_shadow_horizontal_length=”body_quote_text_shadow_style,%91object Object%93″ body_quote_text_shadow_horizontal_length_tablet=”0px” body_quote_text_shadow_vertical_length=”body_quote_text_shadow_style,%91object Object%93″ body_quote_text_shadow_vertical_length_tablet=”0px” body_quote_text_shadow_blur_strength=”body_quote_text_shadow_style,%91object Object%93″ body_quote_text_shadow_blur_strength_tablet=”1px” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” vertical_offset_tablet=”0″ horizontal_offset_tablet=”0″]<\/p>\n
The rules on Consumer Duty came into effect on 31st July 2023. This remains a major hot topic for the FCA and it is proving very active in monitoring the implementation activity of firms, with much of its effort being directed to testing their plans and sharing feedback with the wider market on what it has found. The duty sets out a general Consumer Principle, Cross-cutting Rules and Four Outcomes that reinforce what is already clearly set out in the FCA Handbook.<\/p>\n
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Culture, Diversity & Inclusivity covers a broad range of topics, but the one that seems to be exercising the regulatory minds most at the moment is the topic of conduct, or more-precisely \u201cnon-financial misconduct\u201d.<\/p>\n
The FCA and PRA issued joint Consultation Papers on Diversity and Inclusion back in Q3 2023, with the feedback period ending in December 2023. Final regulatory requirements are expected to be published in a Policy Statement in 2024 with firms then given 12 months after publication of the Policy Statement to prepare. All FSMA firms with a part 4A permission will be in scope, with additional requirements for firms with 251 or more employees. The PRA proposals apply to Solvency II firms, including third-country insurance branches, again with some limitations for smaller firms.<\/p>\n
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In July 2018, the Bank of England, PRA and FCA released a joint Discussion Paper titled \u201cBuilding the UK financial sector\u2019s operational resilience.\u201d\u00a0<\/p>\n
By 31st March 2022, firms were expected to have completed the first set of milestones towards implementing a functional Operational Resilience framework; identifying their Important Business Services (IBS), setting Impact Tolerances for the maximum tolerable disruption, and having carried out initial mapping. Testing to an appropriate level of sophistication, with an ongoing evolution and enhancement of processes, was expected as time progressed. From the latest update at the end of 2023, firms are now also expected to have made the necessary investments to enable full operationalisation within Impact Tolerances. Lessons learnt exercises to identify, prioritise, and invest in the ability to respond and recover from disruptions as effectively as possible should, by now, have been conducted. The development of internal and external communications plans for when Important Business Services are disrupted should now also be completed. The latest annual Self-Assessment reports are due to be completed for 31 March 2024 with clear progress on implementation expected by the regulators.<\/p>\n
[\/et_pb_toggle][et_pb_toggle admin_label=”Distribution toggle” title=”Distribution and The Insurance Distribution Directive” open_toggle_text_color=”#893494″ open_toggle_background_color=”#ebebeb” closed_toggle_text_color=”#893494″ closed_toggle_background_color=”#ffffff” _builder_version=”4.9.4″ _module_preset=”default” title_level=”h3″ link_option_url=”regulatory-timeline-insurance-distribution-directive” border_radii=”on|4px|4px|4px|4px” border_width_all=”5px” border_color_all=”#893494″ text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” title_text_shadow_horizontal_length=”title_text_shadow_style,%91object Object%93″ title_text_shadow_horizontal_length_tablet=”0px” title_text_shadow_vertical_length=”title_text_shadow_style,%91object Object%93″ title_text_shadow_vertical_length_tablet=”0px” title_text_shadow_blur_strength=”title_text_shadow_style,%91object Object%93″ title_text_shadow_blur_strength_tablet=”1px” closed_title_text_shadow_horizontal_length=”closed_title_text_shadow_style,%91object Object%93″ closed_title_text_shadow_horizontal_length_tablet=”0px” closed_title_text_shadow_vertical_length=”closed_title_text_shadow_style,%91object Object%93″ closed_title_text_shadow_vertical_length_tablet=”0px” closed_title_text_shadow_blur_strength=”closed_title_text_shadow_style,%91object Object%93″ closed_title_text_shadow_blur_strength_tablet=”1px” body_text_shadow_horizontal_length=”body_text_shadow_style,%91object Object%93″ body_text_shadow_horizontal_length_tablet=”0px” body_text_shadow_vertical_length=”body_text_shadow_style,%91object Object%93″ body_text_shadow_vertical_length_tablet=”0px” body_text_shadow_blur_strength=”body_text_shadow_style,%91object Object%93″ body_text_shadow_blur_strength_tablet=”1px” body_link_text_shadow_horizontal_length=”body_link_text_shadow_style,%91object Object%93″ body_link_text_shadow_horizontal_length_tablet=”0px” body_link_text_shadow_vertical_length=”body_link_text_shadow_style,%91object Object%93″ body_link_text_shadow_vertical_length_tablet=”0px” body_link_text_shadow_blur_strength=”body_link_text_shadow_style,%91object Object%93″ body_link_text_shadow_blur_strength_tablet=”1px” body_ul_text_shadow_horizontal_length=”body_ul_text_shadow_style,%91object Object%93″ body_ul_text_shadow_horizontal_length_tablet=”0px” body_ul_text_shadow_vertical_length=”body_ul_text_shadow_style,%91object Object%93″ body_ul_text_shadow_vertical_length_tablet=”0px” body_ul_text_shadow_blur_strength=”body_ul_text_shadow_style,%91object Object%93″ body_ul_text_shadow_blur_strength_tablet=”1px” body_ol_text_shadow_horizontal_length=”body_ol_text_shadow_style,%91object Object%93″ body_ol_text_shadow_horizontal_length_tablet=”0px” body_ol_text_shadow_vertical_length=”body_ol_text_shadow_style,%91object Object%93″ body_ol_text_shadow_vertical_length_tablet=”0px” body_ol_text_shadow_blur_strength=”body_ol_text_shadow_style,%91object Object%93″ body_ol_text_shadow_blur_strength_tablet=”1px” body_quote_text_shadow_horizontal_length=”body_quote_text_shadow_style,%91object Object%93″ body_quote_text_shadow_horizontal_length_tablet=”0px” body_quote_text_shadow_vertical_length=”body_quote_text_shadow_style,%91object Object%93″ body_quote_text_shadow_vertical_length_tablet=”0px” body_quote_text_shadow_blur_strength=”body_quote_text_shadow_style,%91object Object%93″ body_quote_text_shadow_blur_strength_tablet=”1px” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” vertical_offset_tablet=”0″ horizontal_offset_tablet=”0″]<\/p>\n
The Insurance Distibrution review in its initial form commened with an FCA discussion paper in March 2017. Final handbook rule changes were confirmed in May 2018. Since then, the Lloyd\u2019s market has implemented its own review of practices to determine whether further regulatory work is required and the FCA have continued to look at the effectiveness of implementation of individual elements as part of its review of Conduct Risk, including Product Governance, Customer\u2019s Best Interests and annual training requirements. There are links with the work on\u00a0General Insurance Pricing Practices<\/a>\u00a0and\u00a0Vulnerable Customers<\/a>\u00a0which firms should be conscious of.<\/p>\n [\/et_pb_toggle][et_pb_toggle admin_label=”Pricing toggle” title=”General Insurance Pricing Practices” open_toggle_text_color=”#893494″ open_toggle_background_color=”#ebebeb” closed_toggle_text_color=”#893494″ closed_toggle_background_color=”#ffffff” _builder_version=”4.9.4″ _module_preset=”default” title_level=”h3″ link_option_url=”\/regulatory-timeline-culture” border_radii=”on|4px|4px|4px|4px” border_width_all=”5px” border_color_all=”#893494″ text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” title_text_shadow_horizontal_length=”title_text_shadow_style,%91object Object%93″ title_text_shadow_horizontal_length_tablet=”0px” title_text_shadow_vertical_length=”title_text_shadow_style,%91object Object%93″ title_text_shadow_vertical_length_tablet=”0px” title_text_shadow_blur_strength=”title_text_shadow_style,%91object Object%93″ title_text_shadow_blur_strength_tablet=”1px” closed_title_text_shadow_horizontal_length=”closed_title_text_shadow_style,%91object Object%93″ closed_title_text_shadow_horizontal_length_tablet=”0px” closed_title_text_shadow_vertical_length=”closed_title_text_shadow_style,%91object Object%93″ closed_title_text_shadow_vertical_length_tablet=”0px” closed_title_text_shadow_blur_strength=”closed_title_text_shadow_style,%91object Object%93″ closed_title_text_shadow_blur_strength_tablet=”1px” body_text_shadow_horizontal_length=”body_text_shadow_style,%91object Object%93″ body_text_shadow_horizontal_length_tablet=”0px” body_text_shadow_vertical_length=”body_text_shadow_style,%91object Object%93″ body_text_shadow_vertical_length_tablet=”0px” body_text_shadow_blur_strength=”body_text_shadow_style,%91object Object%93″ body_text_shadow_blur_strength_tablet=”1px” body_link_text_shadow_horizontal_length=”body_link_text_shadow_style,%91object Object%93″ body_link_text_shadow_horizontal_length_tablet=”0px” body_link_text_shadow_vertical_length=”body_link_text_shadow_style,%91object Object%93″ body_link_text_shadow_vertical_length_tablet=”0px” body_link_text_shadow_blur_strength=”body_link_text_shadow_style,%91object Object%93″ body_link_text_shadow_blur_strength_tablet=”1px” body_ul_text_shadow_horizontal_length=”body_ul_text_shadow_style,%91object Object%93″ body_ul_text_shadow_horizontal_length_tablet=”0px” body_ul_text_shadow_vertical_length=”body_ul_text_shadow_style,%91object Object%93″ body_ul_text_shadow_vertical_length_tablet=”0px” body_ul_text_shadow_blur_strength=”body_ul_text_shadow_style,%91object Object%93″ body_ul_text_shadow_blur_strength_tablet=”1px” body_ol_text_shadow_horizontal_length=”body_ol_text_shadow_style,%91object Object%93″ body_ol_text_shadow_horizontal_length_tablet=”0px” body_ol_text_shadow_vertical_length=”body_ol_text_shadow_style,%91object Object%93″ body_ol_text_shadow_vertical_length_tablet=”0px” body_ol_text_shadow_blur_strength=”body_ol_text_shadow_style,%91object Object%93″ body_ol_text_shadow_blur_strength_tablet=”1px” body_quote_text_shadow_horizontal_length=”body_quote_text_shadow_style,%91object Object%93″ body_quote_text_shadow_horizontal_length_tablet=”0px” body_quote_text_shadow_vertical_length=”body_quote_text_shadow_style,%91object Object%93″ body_quote_text_shadow_vertical_length_tablet=”0px” body_quote_text_shadow_blur_strength=”body_quote_text_shadow_style,%91object Object%93″ body_quote_text_shadow_blur_strength_tablet=”1px” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” vertical_offset_tablet=”0″ horizontal_offset_tablet=”0″]<\/p>\n The FCA focus on pricing was precipitated by the Citizens Advice supercomplaint to the Competition and Markets Authority in September 2018. Amongst the 5 markets, Citizens Advice complained that in their view, harm was being caused to consumers through a loyalty penalty in the motor and household insurance markets. The FCA responded with various reviews, culminating in their Policy Statement and Final Rules issued on 24th May 2021. The new rules cover:<\/p>\n The General Insurance Pricing Practices (GIPP) rules came into effect from 1st January 2022 and had a significant impact on pricing within the home and motor insurance sectors, aiming to tackle \u2018price walking\u2019 and to prevent the unfair treatment of loyal and potentially vulnerable customers. In December 2022, the FCA published its findings from an assessment of how firms had risen to the rule changes; findings were mixed, with deficiencies reported in relation to evidencing compliance and record keeping.<\/p>\n All insurance firms should by now be familiar with the rules and annual reporting requirements, and understand the implications for their Product Governance processes and any products which included auto-renewal clauses.\u00a0<\/p>\n There are links with the work on Consumer Duty,\u00a0Distribution<\/a>\u00a0and\u00a0Vulnerable Customers<\/a>\u00a0which firms should be conscious of.<\/p>\n [\/et_pb_toggle][et_pb_toggle admin_label=”Vulnerable customers toggle” title=”Vulnerable Customers” open_toggle_text_color=”#893494″ open_toggle_background_color=”#ebebeb” closed_toggle_text_color=”#893494″ closed_toggle_background_color=”#ffffff” _builder_version=”4.9.4″ _module_preset=”default” title_level=”h3″ link_option_url=”regulatory-timeline-vulnerable-customers” border_radii=”on|4px|4px|4px|4px” border_width_all=”5px” border_color_all=”#893494″ text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” title_text_shadow_horizontal_length=”title_text_shadow_style,%91object Object%93″ title_text_shadow_horizontal_length_tablet=”0px” title_text_shadow_vertical_length=”title_text_shadow_style,%91object Object%93″ title_text_shadow_vertical_length_tablet=”0px” title_text_shadow_blur_strength=”title_text_shadow_style,%91object Object%93″ title_text_shadow_blur_strength_tablet=”1px” closed_title_text_shadow_horizontal_length=”closed_title_text_shadow_style,%91object Object%93″ closed_title_text_shadow_horizontal_length_tablet=”0px” closed_title_text_shadow_vertical_length=”closed_title_text_shadow_style,%91object Object%93″ closed_title_text_shadow_vertical_length_tablet=”0px” closed_title_text_shadow_blur_strength=”closed_title_text_shadow_style,%91object Object%93″ closed_title_text_shadow_blur_strength_tablet=”1px” body_text_shadow_horizontal_length=”body_text_shadow_style,%91object Object%93″ body_text_shadow_horizontal_length_tablet=”0px” body_text_shadow_vertical_length=”body_text_shadow_style,%91object Object%93″ body_text_shadow_vertical_length_tablet=”0px” body_text_shadow_blur_strength=”body_text_shadow_style,%91object Object%93″ body_text_shadow_blur_strength_tablet=”1px” body_link_text_shadow_horizontal_length=”body_link_text_shadow_style,%91object Object%93″ body_link_text_shadow_horizontal_length_tablet=”0px” body_link_text_shadow_vertical_length=”body_link_text_shadow_style,%91object Object%93″ body_link_text_shadow_vertical_length_tablet=”0px” body_link_text_shadow_blur_strength=”body_link_text_shadow_style,%91object Object%93″ body_link_text_shadow_blur_strength_tablet=”1px” body_ul_text_shadow_horizontal_length=”body_ul_text_shadow_style,%91object Object%93″ body_ul_text_shadow_horizontal_length_tablet=”0px” body_ul_text_shadow_vertical_length=”body_ul_text_shadow_style,%91object Object%93″ body_ul_text_shadow_vertical_length_tablet=”0px” body_ul_text_shadow_blur_strength=”body_ul_text_shadow_style,%91object Object%93″ body_ul_text_shadow_blur_strength_tablet=”1px” body_ol_text_shadow_horizontal_length=”body_ol_text_shadow_style,%91object Object%93″ body_ol_text_shadow_horizontal_length_tablet=”0px” body_ol_text_shadow_vertical_length=”body_ol_text_shadow_style,%91object Object%93″ body_ol_text_shadow_vertical_length_tablet=”0px” body_ol_text_shadow_blur_strength=”body_ol_text_shadow_style,%91object Object%93″ body_ol_text_shadow_blur_strength_tablet=”1px” body_quote_text_shadow_horizontal_length=”body_quote_text_shadow_style,%91object Object%93″ body_quote_text_shadow_horizontal_length_tablet=”0px” body_quote_text_shadow_vertical_length=”body_quote_text_shadow_style,%91object Object%93″ body_quote_text_shadow_vertical_length_tablet=”0px” body_quote_text_shadow_blur_strength=”body_quote_text_shadow_style,%91object Object%93″ body_quote_text_shadow_blur_strength_tablet=”1px” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” vertical_offset_tablet=”0″ horizontal_offset_tablet=”0″]<\/p>\n The FCA work on Vulnerable Customers started in July 2019. It\u2019s progress has been delayed by the coronavirus pandemic, although it is also the case that the FCA appear to have used firms responses to the pandemic to help test and validate some of its work so far. Finalised Guidance was issued in February 2021 and firms should now be implementing any required changes and ensuring they are able to undertake the monitoring and evaluation of outcomes for vulnerable customers that the FCA require. We expect that they will be undertaking checks on this during 2021.<\/p>\n There are links with the work on Consumer Duty<\/a>, General Insurance Pricing Practices<\/a>\u00a0and\u00a0Distribution<\/a>\u00a0which firms should be conscious of.<\/p>\n [\/et_pb_toggle][et_pb_toggle admin_label=”FCA Portfolio strategy letters” title=”FCA Supervisory Portfolio Strategy Letters” open_toggle_text_color=”#893494″ open_toggle_background_color=”#ebebeb” closed_toggle_text_color=”#893494″ closed_toggle_background_color=”#ffffff” _builder_version=”4.9.4″ _module_preset=”default” title_level=”h3″ link_option_url=”regulatory-timeline-vulnerable-customers” border_radii=”on|4px|4px|4px|4px” border_width_all=”5px” border_color_all=”#893494″ text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” title_text_shadow_horizontal_length=”title_text_shadow_style,%91object Object%93″ title_text_shadow_horizontal_length_tablet=”0px” title_text_shadow_vertical_length=”title_text_shadow_style,%91object Object%93″ title_text_shadow_vertical_length_tablet=”0px” title_text_shadow_blur_strength=”title_text_shadow_style,%91object Object%93″ title_text_shadow_blur_strength_tablet=”1px” closed_title_text_shadow_horizontal_length=”closed_title_text_shadow_style,%91object Object%93″ closed_title_text_shadow_horizontal_length_tablet=”0px” closed_title_text_shadow_vertical_length=”closed_title_text_shadow_style,%91object Object%93″ closed_title_text_shadow_vertical_length_tablet=”0px” closed_title_text_shadow_blur_strength=”closed_title_text_shadow_style,%91object Object%93″ closed_title_text_shadow_blur_strength_tablet=”1px” body_text_shadow_horizontal_length=”body_text_shadow_style,%91object Object%93″ body_text_shadow_horizontal_length_tablet=”0px” body_text_shadow_vertical_length=”body_text_shadow_style,%91object Object%93″ body_text_shadow_vertical_length_tablet=”0px” body_text_shadow_blur_strength=”body_text_shadow_style,%91object Object%93″ body_text_shadow_blur_strength_tablet=”1px” body_link_text_shadow_horizontal_length=”body_link_text_shadow_style,%91object Object%93″ body_link_text_shadow_horizontal_length_tablet=”0px” body_link_text_shadow_vertical_length=”body_link_text_shadow_style,%91object Object%93″ body_link_text_shadow_vertical_length_tablet=”0px” body_link_text_shadow_blur_strength=”body_link_text_shadow_style,%91object Object%93″ body_link_text_shadow_blur_strength_tablet=”1px” body_ul_text_shadow_horizontal_length=”body_ul_text_shadow_style,%91object Object%93″ body_ul_text_shadow_horizontal_length_tablet=”0px” body_ul_text_shadow_vertical_length=”body_ul_text_shadow_style,%91object Object%93″ body_ul_text_shadow_vertical_length_tablet=”0px” body_ul_text_shadow_blur_strength=”body_ul_text_shadow_style,%91object Object%93″ body_ul_text_shadow_blur_strength_tablet=”1px” body_ol_text_shadow_horizontal_length=”body_ol_text_shadow_style,%91object Object%93″ body_ol_text_shadow_horizontal_length_tablet=”0px” body_ol_text_shadow_vertical_length=”body_ol_text_shadow_style,%91object Object%93″ body_ol_text_shadow_vertical_length_tablet=”0px” body_ol_text_shadow_blur_strength=”body_ol_text_shadow_style,%91object Object%93″ body_ol_text_shadow_blur_strength_tablet=”1px” body_quote_text_shadow_horizontal_length=”body_quote_text_shadow_style,%91object Object%93″ body_quote_text_shadow_horizontal_length_tablet=”0px” body_quote_text_shadow_vertical_length=”body_quote_text_shadow_style,%91object Object%93″ body_quote_text_shadow_vertical_length_tablet=”0px” body_quote_text_shadow_blur_strength=”body_quote_text_shadow_style,%91object Object%93″ body_quote_text_shadow_blur_strength_tablet=”1px” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” vertical_offset_tablet=”0″ horizontal_offset_tablet=”0″]<\/p>\n The FCA have grouped firms as members of portfolios of firms that share a common business model. The portfolio strategy letters below set out their view of the main risks of harm in each portfolio and the actions the FCA expect firms to take as well as providing guidance on what the FCA\u00a0 will be doing to reduce the level of harm in that sector.<\/p>\n [\/et_pb_toggle][et_pb_toggle admin_label=”PRA Insurance Supervision Letters” title=”PRA Insurance Supervision Letters” open_toggle_text_color=”#893494″ open_toggle_background_color=”#ebebeb” closed_toggle_text_color=”#893494″ closed_toggle_background_color=”#ffffff” _builder_version=”4.9.4″ _module_preset=”default” title_level=”h3″ border_radii=”on|4px|4px|4px|4px” border_width_all=”5px” border_color_all=”#893494″ text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ 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body_text_shadow_vertical_length=”body_text_shadow_style,%91object Object%93″ body_text_shadow_vertical_length_tablet=”0px” body_text_shadow_blur_strength=”body_text_shadow_style,%91object Object%93″ body_text_shadow_blur_strength_tablet=”1px” body_link_text_shadow_horizontal_length=”body_link_text_shadow_style,%91object Object%93″ body_link_text_shadow_horizontal_length_tablet=”0px” body_link_text_shadow_vertical_length=”body_link_text_shadow_style,%91object Object%93″ body_link_text_shadow_vertical_length_tablet=”0px” body_link_text_shadow_blur_strength=”body_link_text_shadow_style,%91object Object%93″ body_link_text_shadow_blur_strength_tablet=”1px” body_ul_text_shadow_horizontal_length=”body_ul_text_shadow_style,%91object Object%93″ body_ul_text_shadow_horizontal_length_tablet=”0px” body_ul_text_shadow_vertical_length=”body_ul_text_shadow_style,%91object Object%93″ body_ul_text_shadow_vertical_length_tablet=”0px” body_ul_text_shadow_blur_strength=”body_ul_text_shadow_style,%91object Object%93″ body_ul_text_shadow_blur_strength_tablet=”1px” body_ol_text_shadow_horizontal_length=”body_ol_text_shadow_style,%91object Object%93″ body_ol_text_shadow_horizontal_length_tablet=”0px” body_ol_text_shadow_vertical_length=”body_ol_text_shadow_style,%91object Object%93″ body_ol_text_shadow_vertical_length_tablet=”0px” body_ol_text_shadow_blur_strength=”body_ol_text_shadow_style,%91object Object%93″ body_ol_text_shadow_blur_strength_tablet=”1px” body_quote_text_shadow_horizontal_length=”body_quote_text_shadow_style,%91object Object%93″ body_quote_text_shadow_horizontal_length_tablet=”0px” body_quote_text_shadow_vertical_length=”body_quote_text_shadow_style,%91object Object%93″ body_quote_text_shadow_vertical_length_tablet=”0px” body_quote_text_shadow_blur_strength=”body_quote_text_shadow_style,%91object Object%93″ body_quote_text_shadow_blur_strength_tablet=”1px” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” vertical_offset_tablet=”0″ horizontal_offset_tablet=”0″]<\/p>\n The PRA issue annual supervisory priorities statements.<\/p>\n [\/et_pb_toggle][et_pb_text _builder_version=”4.9.4″ _module_preset=”default” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” link_text_shadow_horizontal_length=”link_text_shadow_style,%91object Object%93″ link_text_shadow_horizontal_length_tablet=”0px” link_text_shadow_vertical_length=”link_text_shadow_style,%91object Object%93″ link_text_shadow_vertical_length_tablet=”0px” link_text_shadow_blur_strength=”link_text_shadow_style,%91object Object%93″ 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admin_label=”Regulatory Timeline Overview” line_color=”#414042″ _builder_version=”4.9.4″ background_color=”rgba(0,0,0,0)” hover_enabled=”0″ border_radii=”on|5px|5px|5px|5px” border_color_all=”#414042″ sticky_enabled=”0″ text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” label_text_shadow_horizontal_length=”label_text_shadow_style,%91object Object%93″ label_text_shadow_horizontal_length_tablet=”0px” label_text_shadow_vertical_length=”label_text_shadow_style,%91object Object%93″ label_text_shadow_vertical_length_tablet=”0px” label_text_shadow_blur_strength=”label_text_shadow_style,%91object Object%93″ label_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” vertical_offset_tablet=”0″ horizontal_offset_tablet=”0″ z_index_tablet=”0″][et_pb_vertical_timeline_item title=”CP5\/24 \u2013 Review of Solvency II: Restatement of assimilated law” timeline_label=”22nd April 2024″ use_read_more=”on” read_more_text=”Read PRA Consultation Paper” read_more_url=”https:\/\/www.bankofengland.co.uk\/prudential-regulation\/publication\/2024\/april\/review-of-solvency-ii-consultation-paper?” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” 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Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The PRA has published its final consultation needed to implement the conclusions of the Solvency II Review. The deadline for feedback is 22nd July 2024.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”FS24\/1 Potential competition impacts from the data asymmetry between Big Tech firms and firms in financial services” timeline_label=”22nd April 2024″ use_read_more=”on” read_more_text=”Read Feedback Statement” read_more_url=”https:\/\/www.fca.org.uk\/publication\/feedback\/fs24-1.pdf” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” 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button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The FCA has published its Feedback Statement and responses to the Call for Input (CFI), asking for focused information and evidence on whether any data asymmetry between Big Tech firms and financial services firms could influence how effectively competition evolves in financial services markets.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”FCA response to the Government\u2019s White Paper on Artificial Intelligence” timeline_label=”22nd April 2024″ use_read_more=”on” read_more_text=”Read Response” read_more_url=”https:\/\/www.fca.org.uk\/publication\/corporate\/ai-update.pdf” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” 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box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The FCA has published its response to the Government\u2019s White Paper on Artificial Intelligence.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”Speech: Promoting competitiveness is a juggling act” timeline_label=”18th April 2024″ use_read_more=”on” read_more_text=”Read Speech” read_more_url=”https:\/\/www.fca.org.uk\/news\/speeches\/promoting-competitiveness-juggling-act” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” 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button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n Speech by Sarah Pritchard, Executive Director, Markets and Executive Director, International at TheCityUK International Conference 2024.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”PRA: Solvency II Review \u2013 Matching adjustment reform implementation considerations for 30 June 2024″ timeline_label=”15th April 2024″ use_read_more=”on” read_more_text=”Read PRA Response” read_more_url=”https:\/\/www.bankofengland.co.uk\/prudential-regulation\/publication\/2024\/april\/solvency-ii-matching-adjustment-implementation-statement” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The PRA has responded to clarifications requested by firms in their responses to its consultation paper \u2018Review of Solvency II: Reform of the Matching Adjustment\u2019, and to assist relevant insurance firms to prepare for implementation of the matching adjustment reforms in a way that makes efficient use of resources and allows firms to make the most of new investment opportunities facilitated by the reforms.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”FCA Dear CEO Letter: %22Action Needed: maintaining adequate financial resources%22″ timeline_label=”12th April 2024″ use_read_more=”on” read_more_text=”Read FCA Letter” read_more_url=”https:\/\/www.fca.org.uk\/publication\/correspondence\/dear-ceo-letter-action-needed-maintaining-adequate-financial-resources.pdf” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ 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button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The FCA have written to all firms requesting that they immeidately begin work to assess the adequacy of their financial resources. The letter was issued in the context of the ongoing investigation into historical motor finance commission arrangements, but has been address to all firms.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”PRA Business Plan 2024\/25″ timeline_label=”11th April 2024″ use_read_more=”on” read_more_text=”Read Business Plan” read_more_url=”https:\/\/www.bankofengland.co.uk\/prudential-regulation\/publication\/2024\/april\/pra-business-plan-2024-25″ font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The PRA have published their business plan for 2024\/5<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”FCA Business Plan 2024\/25″ timeline_label=”19th March 2024″ use_read_more=”on” read_more_text=”Read Business Plan” read_more_url=”https:\/\/www.fca.org.uk\/publications\/business-plans\/2024-25″ font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The FCA have published their business plan for 2024\/5<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”Speech: Investing in outcomes: a regulatory approach to deliver for consumers, markets and competitiveness” timeline_label=”14th March 2024″ use_read_more=”on” read_more_text=”Read Speech” read_more_url=”https:\/\/www.fca.org.uk\/news\/speeches\/investing-outcomes-regulatory-approach-deliver-consumers-markets-and-competitiveness” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n Speech by Nikhil Rathi, FCA Chief Executive delivered at the Morgan Stanley European Financials Conference.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”PS3\/24 \u2013 Review of Solvency II: Reporting and disclosure phase 2 near-final” timeline_label=”29th February 2024″ use_read_more=”on” read_more_text=”Read Feedback” read_more_url=”https:\/\/www.bankofengland.co.uk\/prudential-regulation\/publication\/2024\/february\/review-of-solvency-ii-reporting-disclosure-phase-2-near-final-policy-statement” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” 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button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The PRA have provided feedback to responses to consultation paper (CP) 14\/22 \u2013 Review of Solvency II: Reporting phase 2 as well as Chapter 7: Reporting and disclosure in CP12\/23 \u2013 Review of Solvency II: Adapting to the UK insurance market.<\/p>\n <\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”PS2\/24 \u2013 Review of Solvency II: Adapting to the UK insurance market” timeline_label=”28th February 2024″ use_read_more=”on” read_more_text=”Read Policy Statement” read_more_url=”https:\/\/www.bankofengland.co.uk\/prudential-regulation\/publication\/2024\/february\/review-of-solvency-ii-adapting-to-the-uk-insurance-market-policy-statement” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n This policy statement provides the PRA\u2019s feedback to responses received to certain parts of Consultation Paper CP12\/23 published in June 2023.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”The PRA\u2019s approach to insurance group supervision” timeline_label=”28th February 2024″ use_read_more=”on” read_more_text=”Read Statement of Policy” read_more_url=”https:\/\/www.bankofengland.co.uk\/prudential-regulation\/publication\/2024\/february\/the-pra-approach-to-insurance-group-supervision-sop” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The PRA have published a statement of policy (SoP) setting out their approach to certain aspects of insurance group supervision under the Group Supervision Part of the PRA Rulebook.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”CP2\/24 \u2013 Solvent exit planning for insurers” timeline_label=”23rd January 2024″ use_read_more=”on” read_more_text=”Read Consultation Paper” read_more_url=”https:\/\/www.bankofengland.co.uk\/prudential-regulation\/publication\/2024\/january\/solvent-exit-planning-for-insurers-consultation-paper” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The PRA have published proposals for PRA-regulated insurers to prepare for an orderly \u2018solvent exit\u2019 as part of their business-as-usual activities and to be able to execute a solvent exit if needed.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”PRA Insurance supervision: 2024 priorities” timeline_label=”11th January 2024″ use_read_more=”on” read_more_text=”Read Letter” read_more_url=”https:\/\/www.bankofengland.co.uk\/-\/media\/boe\/files\/prudential-regulation\/letter\/2024\/insurance-supervision-2024-priorities.pdf” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The PRA have published Insurance Supervision priorities for 2024\/5<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”FCA Webinar – Consumer Duty: The next steps” timeline_label=”6th December 2023″ use_read_more=”off” read_more_text=”Watch FCA webinar ‘on-demand'” read_more_url=”https:\/\/www.fca.org.uk\/multimedia\/consumer-duty-next-steps” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” hover_enabled=”0″ sticky_enabled=”0″ font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The FCA hosted a webinar on 6th December 2023 to help firms understand the next steps for Consumer Duty. <\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”FCA confirms leasehold buildings insurance reforms” timeline_label=”29th September 2023″ use_read_more=”on” read_more_text=”Read PS23\/14″ read_more_url=”https:\/\/www.fca.org.uk\/news\/press-releases\/fca-confirms-leasehold-buildings-insurance-reforms” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” hover_enabled=”0″ sticky_enabled=”0″ font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The FCA has confirmed new measures to support leaseholders in the multi-occupancy buildings insurance market with the publication of PS23\/14: Multi-occupancy building insurance Feedback to CP23\/8 and final rules.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”PS23\/9: Finalised insurance guidance on supporting customers in financial difficulty\u2019” timeline_label=”3rd July 2023″ use_read_more=”on” read_more_text=”Read FCA Policy Statement” read_more_url=”https:\/\/www.fca.org.uk\/publications\/policy-statements\/ps23-9-finalised-insurance-guidance-supporting-customers-financial-difficulty” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” hover_enabled=”0″ sticky_enabled=”0″ font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The FCA have published their Policy Statement and Finbalised Guidance on Customers in Financial Difficulty.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”FCA Report – Consumer Duty: Findings from our review of fair value frameworks” timeline_label=”10th May 2023″ use_read_more=”on” read_more_text=”Read FCA Review” read_more_url=”https:\/\/www.fca.org.uk\/publications\/good-and-poor-practice\/consumer-duty-findings-our-review-fair-value-frameworks” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” hover_enabled=”0″ sticky_enabled=”0″ font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The FCA have published the findings of their review into firms\u2019 approaches to fair value assessments under the Consumer Duty.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”FCA Business Plan 2023\/24″ timeline_label=”4th April 2023″ use_read_more=”on” read_more_text=”Read Business Plan” read_more_url=”https:\/\/www.fca.org.uk\/publications\/business-plans\/2023-24″ font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The FCA have published their business plan for 2023\/24<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”Review of the Senior Managers and Certification Regime (SM&CR)” timeline_label=”30th March 2023″ use_read_more=”on” read_more_text=”Read PRA Discussion Paper” read_more_url=”https:\/\/www.bankofengland.co.uk\/prudential-regulation\/publication\/2023\/march\/review-of-the-senior-managers-and-certification-regime” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” hover_enabled=”0″ sticky_enabled=”0″ font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The FCA (DP23\/3<\/a>) and PRA (DP1\/23<\/a>) have launched a joint review of the Senior Managaers and Certification Regime. <\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”Consumer Duty implementation plans – FCA Multi-firm Review” timeline_label=”25th January 2023″ use_read_more=”on” read_more_text=”Read FCA Review” read_more_url=”https:\/\/www.fca.org.uk\/publications\/multi-firm-reviews\/consumer-duty-implementation-plans” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” hover_enabled=”0″ sticky_enabled=”0″ font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n FCA findings from its review of firms\u2019 plans to embed the Duty within their businesses. <\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”PRA Insurance Stress Test 2022 – Results” timeline_label=”23rd January 2023″ use_read_more=”on” read_more_text=”Read PRA letter dated 23rd January 2023″ read_more_url=”https:\/\/www.bankofengland.co.uk\/-\/media\/boe\/files\/prudential-regulation\/letter\/2023\/insurance-stress-test-2022-feedback.pdf” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” hover_enabled=”0″ sticky_enabled=”0″ font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n PRA letter dated 23rd January 2023, setting out the results of the PRA Insurance Stress Test 2022.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”PRA Insurance supervision: 2023 priorities” timeline_label=”10th January 2023″ use_read_more=”on” read_more_text=”Read Letter” read_more_url=”https:\/\/www.bankofengland.co.uk\/-\/media\/boe\/files\/prudential-regulation\/letter\/2023\/insurance-supervision-2023-priorities.pdf” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The PRA have published Insurance Supervision priorities for 2023\/24<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”PRA Insurance supervision: 2023 priorities” timeline_label=”10th January 2023″ use_read_more=”on” read_more_text=”Read PRA letter to Insurers” read_more_url=”https:\/\/www.bankofengland.co.uk\/-\/media\/boe\/files\/prudential-regulation\/letter\/2023\/insurance-supervision-2023-priorities.pdf?” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” hover_enabled=”0″ sticky_enabled=”0″ font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n PRA letter dated 10th January 2023, setting out its priorities for the supervision of life and general insurers in 2023.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”Product Governance and Fair Value – General Insurance and Pure Protection” timeline_label=”29th July 2022″ use_read_more=”on” read_more_text=”Read FCA Letter of 29th July 2022 to product manufacturers” read_more_url=”https:\/\/www.icsr.co.uk\/wp-content\/uploads\/2022\/09\/Product-Governance-Fair-Value-MFR-July-2022-Feedback-letter-to-all-GI-and-Pure-Protection-firms.pdf” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” hover_enabled=”0″ sticky_enabled=”0″ font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n FCA letter to product manufacturers setting out its concerns over the new rules on fair value introduced 1st October 2021.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”Product Governance and Fair Value – General Insurance and Pure Protection: Expectations for distributors” timeline_label=”29th July 2022″ use_read_more=”on” read_more_text=”Read FCA Letter of 29th July 2022 to distributors” read_more_url=”https:\/\/www.icsr.co.uk\/wp-content\/uploads\/2022\/09\/Product-Governance-Distributors-letter_.pdf” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” hover_enabled=”0″ sticky_enabled=”0″ font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n FCA letter setting out its concerns over the new rules on fair value introduced 1st October 2021.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”The new Consumer Duty – Policy Statement & Finalised Guidance” timeline_label=”27th July 2022″ use_read_more=”on” read_more_text=”Read PS22\/9 and the Finalised Guidance” read_more_url=”https:\/\/www.fca.org.uk\/publications\/policy-statements\/ps22-9-new-consumer-duty” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The FCA have issued Policy Statement PS22\/9 and their Finalised Guidance for firms.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”Dear Board of Directors Letter: FCA Supervisory Strategy for Personal & Commercial Lines Insurance Intermediaries (P&CLII)” timeline_label=”25th May 2022″ use_read_more=”on” read_more_text=”Read FCA Letter of 25th May 2022″ read_more_url=”https:\/\/www.fca.org.uk\/publication\/correspondence\/pclii-portfolio-letter-may-2022.pdf” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n FCA letter setting out its concerns over a number of issues. Firms are requested to consider the extent of these risks in their businesses and act where they identify harm.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”Multi-occupancy Building Insurance – FCA Response To Michael Gove” timeline_label=”10th May 2022″ use_read_more=”on” read_more_text=”Read FCA letter to the Rt Hon Michael Gove MP” read_more_url=”https:\/\/www.fca.org.uk\/publication\/correspondence\/multi-occupancy-buildings-insurance-letter.pdf” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The FCA has responded to the Rt Hon Michael Gove MP providing an update on their work looking into the issues.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”FCA: PS22\/3: Diversity and inclusion on company boards and executive management” timeline_label=”20th April 2022″ use_read_more=”on” read_more_text=”Read Policy Statement PS 22\/3″ read_more_url=”https:\/\/www.fca.org.uk\/publication\/policy\/ps22-3.pdf” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The FCA have issued their Policy Statement on Diversity and Inslusion. This applies to UK and overseas issuers with equity shares, or certificates representing equity shares, admitted to the premium or standard segment of the FCA\u2019s Official List.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”PRA Business Plan Published for 2022\/23″ timeline_label=”20th April 2022″ use_read_more=”on” read_more_text=”Read PRA Business Plan 2022\/23″ read_more_url=”https:\/\/www.bankofengland.co.uk\/prudential-regulation\/publication\/2022\/april\/pra-business-plan-2022-23″ font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The PRA have issued their Business Plan for 2022\/23.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”PRA: CP4\/22 Regulated fees and levies: Rates proposals 2022\/23″ timeline_label=”20th April 2022″ use_read_more=”on” read_more_text=”Read CP4\/22″ read_more_url=”https:\/\/www.bankofengland.co.uk\/-\/media\/boe\/files\/prudential-regulation\/consultation-paper\/2022\/april\/regulated-fees-and-levies-rates-proposals-2022-23.pdf” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The PRA have issued their proposals for regulated fees and levies for 2022\/23<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”FCA: Strategy 2022 to 2025″ timeline_label=”7th April 2022″ use_read_more=”on” read_more_text=”Read FCA Strategy” read_more_url=”https:\/\/www.fca.org.uk\/publication\/corporate\/our-strategy-2022-25.pdf” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” button_bg_color_gradient_start_position=”0%” button_bg_color_gradient_start_position_tablet=”0%” button_bg_color_gradient_start_position_phone=”0%” button_bg_color_gradient_end_position=”100%” button_bg_color_gradient_end_position_tablet=”100%” button_bg_color_gradient_end_position_phone=”100%” button_bg_color_gradient_overlays_image=”off” button_bg_size=”cover” button_bg_position=”center” button_bg_repeat=”no-repeat” button_bg_blend=”normal” button_border_width_tablet=”50″ button_border_width_phone=”50″ button_border_radius_tablet=”50″ button_border_radius_phone=”50″ button_letter_spacing_tablet=”50″ button_letter_spacing_phone=”50″ button_font=”||||||||” button_use_icon=”on” button_icon_placement=”right” button_on_hover=”on” button_text_shadow_style=”none” button_text_shadow_horizontal_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_horizontal_length_tablet=”0px” button_text_shadow_horizontal_length_phone=”0px” button_text_shadow_vertical_length=”button_text_shadow_style,%91object Object%93″ button_text_shadow_vertical_length_tablet=”0px” button_text_shadow_vertical_length_phone=”0px” button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The FCA have published their updated Strategy for 2022 to 2025<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”FCA: Business Plan 2022\/23″ timeline_label=”7th April 2022″ use_read_more=”on” read_more_text=”Read FCA Business Plan” read_more_url=”https:\/\/www.fca.org.uk\/publications\/business-plans\/2022-23″ font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_vertical_length_phone=”0px” text_text_shadow_blur_strength=”text_text_shadow_style,%91object Object%93″ text_text_shadow_blur_strength_tablet=”1px” text_text_shadow_blur_strength_phone=”1px” text_shadow_style=”none” text_shadow_horizontal_length=”text_shadow_style,%91object Object%93″ text_shadow_horizontal_length_tablet=”0px” text_shadow_horizontal_length_phone=”0px” text_shadow_vertical_length=”text_shadow_style,%91object Object%93″ text_shadow_vertical_length_tablet=”0px” text_shadow_vertical_length_phone=”0px” text_shadow_blur_strength=”text_shadow_style,%91object Object%93″ text_shadow_blur_strength_tablet=”1px” text_shadow_blur_strength_phone=”1px” headings_text_shadow_style=”none” headings_text_shadow_horizontal_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_horizontal_length_tablet=”0px” headings_text_shadow_horizontal_length_phone=”0px” headings_text_shadow_vertical_length=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_vertical_length_tablet=”0px” headings_text_shadow_vertical_length_phone=”0px” headings_text_shadow_blur_strength=”headings_text_shadow_style,%91object Object%93″ headings_text_shadow_blur_strength_tablet=”1px” headings_text_shadow_blur_strength_phone=”1px” button_text_size_tablet=”51″ button_text_size_phone=”51″ button_bg_use_color_gradient=”off” button_bg_color_gradient_start=”#2b87da” button_bg_color_gradient_end=”#29c4a9″ button_bg_color_gradient_type=”linear” button_bg_color_gradient_direction=”180deg” button_bg_color_gradient_direction_tablet=”180deg” button_bg_color_gradient_direction_phone=”180deg” button_bg_color_gradient_direction_radial=”center” 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horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The FCA have published their Business Plan for 2022\/23.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”PRA %22Dear CEO%22 Letters: Insurance costs for multi-occupancy buildings” timeline_label=”28th January 2022″ use_read_more=”on” read_more_text=”Read letter” read_more_url=”https:\/\/www.fca.org.uk\/publication\/correspondence\/dear-ceo-insurers-insurance-costs-multi-occupancy-buildings.pdf” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” background_color_gradient_direction=”180deg” background_color_gradient_direction_tablet=”180deg” background_color_gradient_direction_phone=”180deg” background_color_gradient_direction_radial=”center” background_color_gradient_start_position=”0%” background_color_gradient_start_position_tablet=”0%” background_color_gradient_start_position_phone=”0%” background_color_gradient_end_position=”100%” background_color_gradient_end_position_tablet=”100%” background_color_gradient_end_position_phone=”100%” background_color_gradient_overlays_image=”off” parallax=”off” parallax_method=”on” background_size=”cover” background_position=”center” background_repeat=”no-repeat” background_blend=”normal” allow_player_pause=”off” background_video_pause_outside_viewport=”on” text_text_shadow_style=”none” text_text_shadow_horizontal_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_horizontal_length_phone=”0px” text_text_shadow_vertical_length=”text_text_shadow_style,%91object Object%93″ text_text_shadow_vertical_length_tablet=”0px” 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button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The PRA have written to insurers and intermediaries involved in the placement of insurance for multi-occupancy buildings. Their focus is on distribution costs and ensuring products provide fair value with premiums that fairly and accurately reflect risk.<\/p>\n Letters have been written to Insurers<\/a> and Intermediaries<\/a>.<\/p>\n [\/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title=”PRA Insurance Supervision: 2022 priorities – Dear CEO letter” timeline_label=”12th January 2022″ use_read_more=”on” read_more_text=”Read letter” read_more_url=”https:\/\/www.bankofengland.co.uk\/-\/media\/boe\/files\/prudential-regulation\/letter\/2022\/january\/insurance-supervision-2022-priorities.pdf” font_icon=”%%135%%” icon_color=”#414042″ line_color=”#414042″ _builder_version=”4.9.4″ custom_button=”off” button_bg_color=”rgba(0,0,0,0)” font_icon_tablet=”%%135%%” font_icon_phone=”%%135%%” animation=”off” link_option_url_new_window=”off” use_background_color_gradient=”off” background_color_gradient_start=”#2b87da” background_color_gradient_end=”#29c4a9″ background_color_gradient_type=”linear” 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button_text_shadow_blur_strength=”button_text_shadow_style,%91object Object%93″ button_text_shadow_blur_strength_tablet=”1px” button_text_shadow_blur_strength_phone=”1px” button_text_shadow_color=”rgba(0,0,0,0.4)” box_shadow_style_button=”none” box_shadow_horizontal_button=”box_shadow_style_button,%91object Object%93″ box_shadow_horizontal_button_tablet=”0px” box_shadow_horizontal_button_phone=”0px” box_shadow_vertical_button=”box_shadow_style_button,%91object Object%93″ box_shadow_vertical_button_tablet=”0px” box_shadow_vertical_button_phone=”0px” box_shadow_blur_button=”box_shadow_style_button,%91object Object%93″ box_shadow_blur_button_tablet=”40px” box_shadow_blur_button_phone=”40px” box_shadow_spread_button=”box_shadow_style_button,%91object Object%93″ box_shadow_spread_button_tablet=”0px” box_shadow_spread_button_phone=”0px” box_shadow_color_button=”rgba(0,0,0,0.3)” box_shadow_position_button=”outer” border_radii=”on||||” box_shadow_style=”none” box_shadow_horizontal=”box_shadow_style,%91object Object%93″ box_shadow_horizontal_tablet=”0px” box_shadow_horizontal_phone=”0px” box_shadow_vertical=”box_shadow_style,%91object Object%93″ box_shadow_vertical_tablet=”0px” box_shadow_vertical_phone=”0px” box_shadow_blur=”box_shadow_style,%91object Object%93″ box_shadow_blur_tablet=”40px” box_shadow_blur_phone=”40px” box_shadow_spread=”box_shadow_style,%91object Object%93″ box_shadow_spread_tablet=”0px” box_shadow_spread_phone=”0px” hover_transition_duration=”300ms” hover_transition_duration_tablet=”300ms” hover_transition_duration_phone=”300ms” hover_transition_delay=”0ms” hover_transition_delay_tablet=”0ms” hover_transition_delay_phone=”0ms” hover_transition_speed_curve=”ease” vertical_offset_tablet=”0″ vertical_offset_phone=”0″ horizontal_offset_tablet=”0″ horizontal_offset_phone=”0″ z_index_tablet=”0″ z_index_phone=”0″]<\/p>\n The PRA have written to all PRA-supervised firms setting out their supervisorty priorities for 2022.<\/p>\n [\/et_pb_vertical_timeline_item][\/et_pb_vertical_timeline][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Let us help you keep track of the regulatory timelines that impact your business. Our regulatory timeline looks at key announcements and deadlines for all the major FCA, PRA and Bank of England consultations affecting insurance firms, highlighting key deadlines and major milestones that have been announced, with links to the Discussion Papers, Consultation Papers, Interim and Final Reports as well as other major communications from the regulators.<\/p>\n","protected":false},"author":6,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":""},"yoast_head":"\n\n
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Current Regulatory Issues – Overview<\/h2>\n