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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