Friday 3 February 2017

UK: insurance linked securities - FCA consults on Handbook changes

The Financial Conduct Authority is consulting on proposed changes to the FCA Handbook in respect of the new regulatory framework for insurance linked securities: see here (pdf). It is proposed, amongst other things, that insurance special purpose vehicles should be subject to SYSC 3 and that the Principles for Businesses should be amended to include activities directly arising out of the new regulated activity of insurance risk transformation.

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