UK and European Insurance Regulatory Developments, Q1 2018
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Key takeaways:
- The Prudential Regulation Authority published its response to the House of Commons Treasury Select Committee report, in particular outlining its response to specific policy recommendations from the Committee’s report.
- The implementation of the Insurance Distribution Directive has been delayed. The application date is now 1 October 2018.
- The Treasury has announced that the extension of the senior managers and certification regime to insurers, reinsurers and managing agents will enter into force on 10 December 2018.