Regulatory Alerts2020-01-24
FSCA General Extension of Compliance Period for Short- and Long-Term Insurance Regulations
The Financial Sector Conduct Authority has extended the compliance deadline for independent retail intermediaries under Regulations 4.2(3) and 8.2(2) of the Short- and Long-Term Insurance Acts until 1 April 2020. This extension accommodates delayed public consultation on draft Exemption Notices, enabling the Authority to finalize a single general exemption framework rather than processing numerous individual applications. Intermediaries may now operate under the extended compliance period while the Authority completes its consultation process and publishes the final exemption notices.
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