BCLP’s recent Emerging Themes in Financial Regulation seminar identified governance and accountability as one of the key regulatory focus areas for insurers during 2019. In particular, in what is one of the most significant regulatory changes of recent times, the conference discussed that insurers will have to comply with all aspects of the Senior Managers and Certification Regime from 10 December 2019. This regime will extend personal regulatory duties to almost all staff within insurers, most of whom have never before been accountable directly to the UK regulators for their personal conduct. For practical guidance, read our full article that has been published by Insurance Day here.
You can also access our full Emerging Themes in Financial Regulation publication here.