Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018
UK Treasury sets December date for new conduct rules
- 29 January 2018
Insurers have until 10 December to prepare for a new governance and conduct regime which brings the sector in line with rules for top bankers and asset managers.
The Treasury's announcement of the date firms up a "late 2018" timeframe previously indicated by the Prudential Regulation Authority (PRA).
The Senior Managers & Certification Regime (SM&CR) will replace the current Senior Insurance Managers Regime and extend beyond the biggest insurers overseen by the PRA to encompass most of the firms regulated...
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