Group Supervision Consultation Paper

Closed 31 Jan 2019

Opened 9 Nov 2018

Feedback updated 15 Oct 2019

We asked

We asked for views on the proposed Insurance (Group Supervision) Regulations and Corporate Governance Code of Practice for Designated Insurers.

You said

A small number of comments were received from those insurers likely to be considered as “designated” insurers under the proposed requirements, which we responded to in a paper published on 7 May 2019.

We did

Taking account of the feedback received we issued The Insurance (Group Supervision) Regulations 2019 and Corporate Governance Code of Practice for Designated Insurers were implemented on 1 July 2019.

Overview

This consultation sets out proposed requirements for insurance groups for which the Authority anticipates acting as Group Supervisor.

Why we are consulting

The purpose of this consultation is to seek the views of authorised insurers which belong to insurance groups for which the Authority anticipates acting as Group Supervisor.

Areas

  • All Areas

Audiences

  • Anyone from any background

Interests

  • Finance