Discretionary Civil penalties for Entities Regulated under the Insurance Act 2008
Feedback
We asked
For views on the proposed Insurance (Civil Penalty) Regulations 2023.
You said
Subject to some requests for minor changes and clarifications, respondents found the Insurance (Civil Penalties) Regulations 2023 were generally acceptable.
We did
We are in the process of finalising the Insurance (Civil Penalty) Regulations 2023 for implementation in April 2023.
Results
Files:
Overview
The purpose of the consultation is to obtain views and evidence in relation to the making of regulations in respect of discretionary civil penalties on entities regulated under the Insurance Act 2008.
Why your views matter
We are consulting to obtain stakeholders’ views on the Authority’s proposals.
What happens next
Now the consultation period has closed, the Authority will review the responses received and publish a Consultation Response document.
Subject to the responses, the Authority will proceed to make the Insurance (Non Long-Term Business Valuation and Solvency) Regulations for implementation on 31 December 2020.
Areas
- All Areas
Audiences
- All residents
Interests
- Finance
Share
Share on Twitter Share on Facebook