Regulatory AlertsFS20/16: Coronavirus and customers in financial difficulty: feedback on draft additional guidance for insurance and premium finance firms
The Financial Conduct Authority has finalized additional guidance for insurers and premium finance firms to support customers in financial difficulty due to coronavirus after 31 October 2020. This document outlines stakeholder feedback and minor amendments to the draft measures, which are designed to protect consumers during the pandemic. The guidance takes effect on 1 November and remains in force until varied or revoked, while specific provisions from August guidance continue for existing payment deferrals ending after that date.
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