PS18/16: The Duty of Responsibility for insurers and FCA solo-regulated firms

The Financial Conduct Authority issued Policy Statement PS18/16 to finalize rules regarding the Duty of Responsibility for insurers and solo-regulated firms. This document establishes the requirements for individuals to take reasonable steps to prevent an authorized firm from committing a regulatory offense. It implements changes to the Approved Persons Regime to ensure clear accountability for senior management responsibilities within these specific sectors.

United Kingdom

Financial Conduct Authority

Open consultation: CP17/42 Read more about Open consultation: CP17/42

13/12/2017

Consultation closed

21/02/2018

Policy Statement

04/07/2018