Regulatory AlertsFinalised Guidance: Business interruption insurance test case
The Financial Conduct Authority issued finalised guidance requiring firms to adjust claims handling and compliance procedures following the business interruption insurance test case ruling. The document clarifies policy wording interpretations and mandates specific operational changes to ensure consistent treatment of affected policyholders. Firms must implement these adjustments immediately to maintain regulatory compliance and accurate financial reporting.
Open consultation: Business interruption insurance test case: draft guidance for firms Read more about Open consultation: Business interruption insurance test case: draft guidance for firms
01/06/2020
Consultation closed
05/06/2020
FS20/8: Business interruption insurance test case: feedback on draft guidance Read more about FS20/8: Business interruption insurance test case: feedback on draft guidance
17/06/2020
Finalised Guidance: Business interruption insurance test case Read more about Finalised Guidance: Business interruption insurance test case
17/06/2020
17/06/2020