With the aim of strengthening and harmonising the anti-money laundering (AML) and counter-terrorism financing (CFT) requirements across the EU, the latest overhaul of the AML/CFT Framework represents a significant shift in...more
1/12/2026
/ AML/CFT ,
Anti-Money Laundering ,
Compliance Management Systems ,
Customer Due Diligence (CDD) ,
EU ,
Financial Crimes ,
Insurance Regulations ,
Life Insurance ,
Money Laundering ,
Regulatory Reform ,
Regulatory Requirements ,
Solvency II ,
Terrorist Financing Regulations
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next year....more
1/9/2026
/ Commercial Insurance Policies ,
Consumer Insurance Products ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
Insurance Regulations ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Solvency II ,
UK
On 3 December 2025, the UK Prudential Regulation Authority (“PRA”) published its (i) Policy Statement (PS25/25) entitled Enhancing banks' and insurers' approaches to managing climate-related risks – Update to SS3/19 (“PS”)...more
1/9/2026
/ Banks ,
Climate Change ,
Environmental Social & Governance (ESG) ,
Financial Services Industry ,
Insurance Regulations ,
Popular ,
Prudential Regulation Authority (PRA) ,
Regulatory Oversight ,
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Risk Management ,
Supervisory Guidance ,
Sustainable Finance ,
UK
Financial inclusion remains a particular area of focus for both the FCA and the government, and on 5 November 2025 HM Treasury (HMT) published its awaited Financial Inclusion Strategy....more
11/11/2025
/ Bank Accounts ,
Banks ,
Consumer Financial Products ,
Credit Reporting Agencies ,
Fair Access to Credit ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
HM Treasury ,
Lenders ,
Mortgages ,
Open Banking ,
UK
The Chancellor of the Exchequer has delivered her second Mansion House speech and announced the “Leeds Reforms” in conjunction with publication of the awaited Financial Services Growth and Competitiveness Strategy and related...more
The UK government’s Financial Services Growth and Competitiveness Strategy published on 15 July 2025, identifies insurance/reinsurance as one of the sectors with ‘priority growth opportunities’ and as such the Strategy sets...more
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next six months. 1 – 3 April Motor finance: The Supreme Court heard the three linked appeals, Hopcraft, Johnson and...more
The PRA has published its Business Plan for 2025/26, setting out the workplan for each of its strategic priorities and strategy to advance its primary and secondary objectives. The PRA comments that, alongside its continual...more
DATE DETAILS 1 January Critical third parties: Final rules and policy on critical third parties set out in the joint policy statement of the PRA and FCA (PS16/24 and PS24/16) came into effect. Certain requirements are subject...more
On 9 January 2025, the Prudential Regulation Authority (PRA) published its annual Dear CEO Letter setting out its priorities for the supervision of (re)insurers in 2025. Similar to last year, financial and operational...more
In December 2023, the Financial Conduct Authority (FCA) carried out a review of the most recent board and/or committee reporting from 20 larger insurance firms (including general and life insurers, insurance intermediaries...more
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next few months. Coming up in May and June. MONTH DATE DETAILS MAY 31 ESG: all authorised firms need to comply with the...more
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next few months.
Coming up in March, April and May. MARCH 5 Non-financial misconduct: Lloyd’s Managing Agents &...more
On 11 January 2024, the Prudential Regulation Authority (PRA) published its annual Dear CEO letter setting out its priorities for the supervision of (re)insurers in 2024. Similar to last year, financial and operational...more
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next few months....more
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next few months. MONTH DATE DETAILS OCTOBER 9 Insurance Distribution Directive (UK)...more
The provisions of the Insurance Distribution Directive (IDD) were implemented in the UK in 2018 through changes to the rules in the FCA Handbook. Supplemental requirements were contained in various delegated regulations (the...more
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next few months. JULY 7 Definition of “insurance holding company”...more
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next couple of months....more
The eagerly awaited sixth edition of the Financial Services Regulatory Initiatives Grid has been published by the Financial Services Regulatory Initiatives Forum. The delay to its publication (originally expected in November...more
On 10 January 2023, the Prudential Regulation Authority (PRA) published a Dear CEO letter setting out its priorities for the supervision of (re)insurers in 2023. Financial and operational resilience remain key areas of focus...more
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next couple of months....more
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next couple of months. NOVEMBER 2022 Financial Services Regulatory Grid: Financial Services Regulatory Initiatives...more
A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next couple of months. Month Date Expected development September 2022 Financial Services and Markets Bill: PRA is due...more
Yesterday (28 April 2022), HM Treasury published its much-anticipated consultation paper on its proposals to reform aspects of the UK’s Solvency II regime. At the same time, the Prudential Regulation Authority (PRA)...more