UK and European Insurance Regulatory Developments, Q1 2018

1 May 2018
View Debevoise Update
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.