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This week at the UK regulators - 28 May 2013
28 May 2013
Publication
This week at the UK regulators is a weekly alerter providing views on the publications issued by the Financial Conduct Authority and the Prudential Regulation Authority during the last week. It provides a quick way to keep up to speed with what is going on in...
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Insurance Review Winter 2012/2013
17 April 2013
Publication
I am delighted to present our first Global Insurance Review. This edition focuses on Insurance news over the last few months. Future reviews will be issued on a bi-monthly basis and will highlight key market and regulatory developments across the global insurance...
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How to distribute insurance products in the current regulatory environment
6 February 2013
Publication
2013 marked the culmination of the FSA's Retail Distribution Review ("RDR") in the UK with new rules significantly changing the way retail investment products are marketed and sold.
The key points are:
New RDR rules in force ban payments...
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Merkblatt der BaFin zur Kontrolle der Mitglieder von Verwaltungs- und Aufsichtsorganen
18 December 2012
Publication
Die Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) hat am 3. Dezember 2012 eine neue Fassung des Merkblatts zur Kontrolle von Mitgliedern von Verwaltungs- und Aufsichtsorganen gemäß KWG und VAG veröffentlicht. In dieser Fassung hat...
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German courts refuse recognition of insurance-related English schemes of arrangements
11 December 2012
Publication
Earlier this year the German Federal Court found that recognition of the Scheme of Arrangement related to insurance matters would be contrary to European legislation on the recognition and enforcement of judgments.
As this judgment is limited to insurance matters,...
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Europäische Maßnahmen zur Regulierung des Vertriebs von fondsgebundenen Lebensversicherungsprodukten
11 December 2012
Publication
Seit dem Jahr 2007 beschäftigt die EU-Kommission sich auf Aufforderung des Rates mit Anlageprodukten für Kleinanleger (Packaged Retail Investment Pro-ducts, "PRIPs"). Dazu zählen außer Investmentfonds und strukturierten Wertpapieren...
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Solvency II Update
28 September 2012
Publication
Since our last client briefing in January 2012, there have been several developments relating to the proposed new Solvency II regime although perhaps not as much progress as we might have expected at that time. Many steps still remain to be taken on the path...
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Law Commission Releases Proposals for Reform of Business Insurance Law
28 June 2012
Publication
On 26 June 2012 the Law Commission released a consultation paper setting out its proposals for the reform of business insurance law, including major changes to the law relating to the disclosure of risks during the insurance placement process, and the remedies...
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Angolan foreign exchange regulations
7 June 2012
Publication
The Angolan economy is heavily dependent on income generated by its oil and gas sector and, whilst the country is rebuilding its economy after years of civil war, it has limited (albeit growing) local production. The economy is therefore primarily US dollar based...
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UK Regulatory Reform: Adapting to the new approach to regulating insurers
11 May 2012
Publication
In the aftermath of the financial crisis of 2008, there emerged a consensus of opinion both on the global stage and in the domestic arena that failures in regulation played a significant role in the crisis. In the UK, in particular, the view of the then Labour...