Insurance regulatory news, March 2021 # 3

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Recent regulatory developments of interest to insurers and their intermediaries. See also our Financial institutions general regulatory news in the Related Materials links.

Contents

  • Value measures reporting: Lloyd’s Market Association guidance

Value measures reporting: Lloyd’s Market Association guidance

The Lloyd's Market Association has published guidance on value measures reporting and product governance requirements published in the UK Financial Conduct Authority's (FCA) policy statement, PS20/9, on general insurance value measures reporting and publication. The guidance document includes a summary of the requirements and FCA FAQs. The requirements take effect on 1 July 2021.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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