The Monetary Conduct Authority has launched a dialogue paper on the regulation of economic and bespoke insurance coverage enterprise.
The watchdog has invited suggestions on whether or not its guidelines strike an acceptable stability between safeguarding prospects who want regulatory protections, and competitiveness within the industrial non-investment basic insurance coverage market.
“We imagine that there could also be modifications which will be made to raised align this stability,” the FCA reported.
Beneath the Monetary Companies and Markets Act 2023, the regulator was given the secondary goal to facilitate the worldwide competitiveness and progress of the UK
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