The Prudential Regulation Authority has published a consultation paper setting out its proposals for a new senior insurance managers regime (SIMR): see here (pdf). The PRA is proposing that the scope of the SIMR will be broadly aligned with the new senior managers regime for banks.
Thursday, 27 November 2014
UK: PRA consults on new senior insurance managers regime
The Prudential Regulation Authority has published a consultation paper setting out its proposals for a new senior insurance managers regime (SIMR): see here (pdf). The PRA is proposing that the scope of the SIMR will be broadly aligned with the new senior managers regime for banks.
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