Regulatory Alerts2023-04-17
Added · Updated
PS23/14: Multi-occupancy building insurance: Feedback to CP23/8 and final rules
The Prudential Regulation Authority issued Policy Statement PS23/14 to provide feedback on consultation CP23/8 and establish final rules regarding multi-occupancy building insurance. The document outlines the regulator's response to stakeholder comments and implements new regulatory requirements to address market failures in this sector. These final rules aim to improve consumer outcomes and ensure the availability of affordable insurance for residents in multi-occupancy buildings.
Consultation opens
21/04/2023
Consultation closed
09/06/2023
Policy Statement
29/09/2023
29/09/2023