The FCA have issued a consultation paper which is relevant to all firms involved in insurance activities. The FCA are asking for feedback on their proposals by 9 October 2023. Details of how to feedback are included in the consultation paper.
The proposals will replace the Retained EU Law (REUL) which was replicated as UK provision in the FCA Handbook, with Handbook rules and guidance. HM Treasury are planning on repealing the REUL hence the need for these changes.
The FCA’s approach is to maintain the regulatory requirements on firms. They are not intending . . .
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