Regulatory AlertsPS18/15: Extending the Senior Managers and Certification Regime to insurers
The Financial Conduct Authority issued Policy Statement PS18/15 to finalize the extension of the Senior Managers and Certification Regime to the UK insurance sector. This regulatory update incorporates feedback from previous consultations CP17/26 and CP17/41 to establish near-final rules governing senior management responsibilities and certification requirements for insurers. The document sets out the specific obligations and transitional arrangements designed to enhance accountability and consumer protection within the insurance industry.
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