The FCA has set out their proposals to further reduce some of the regulatory burden on insurance intermediaries and pass on some efficiency savings to regulated firms. We summarise the areas which are specific to our members below.
As part of the Transforming Data Collection programme the FCA are proposing changes to two returns:
- REP021d Pricing Information for Closed Books of Business will be decommissioned. The FCA have reviewed the data collected in this return and have determined that they no longer need to collect this data. Decommissioning . . .
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