In this issue: this month's roundup of developments affecting the insurance industry sees the FCA publish a report of its thematic review of ARs in the general insurance sector, the government consider a report from the Public Accounts Committee on mis-selling and the ICO publish a statement on Brexit, confirming that for the time being companies must continue preparing for the GDPR.
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Brexit
ABI advises travellers to keep calm and carry travel insurance and EHIC
BIBA Chief Executive – business as usual
First court hearing on Article 50 Challenge
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General Update
PAC report on financial mis-selling: response published
Women in Finance Charter signed by ABI
Updated online consumer focus tool from Insurance Europe
EIOPA's future priorities detailed in interview with Chair
EIOPA reports on financial stability risks in EEA
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Data Protection
ICO publishes Brexit statement
ICO publishes annual report for 2015/2016
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New Legislation & Consultations
Significant changes to English insurance law in August 2016
Delegated Regulation supplementing PRIIPs Regulation adopted
Insurance Europe published mock-ups for standardised IPID under IDD
Consultation on draft technical advice to EC on delegated acts concerning IDD
IAIS consultation: risk-based global insurance capital standard
IAIS publishes questionnaire for firms on thematic self-assessment and peer review
OECD consults on insurer governance guidelines
EIOPA thematic review on insurers operating in unit-linked life insurance market
IAIS consultation on approaches to supervising intermediaries
Joint Committee of ESAs Q&As KIDs for PRIIPs
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Regulatory Developments
FCA findings on thematic review of ARs in the general insurance sector
FCA publishes pensions guidance signposting findings
PRA publishes reporting requirement for companies outside the scope of Solvency II
PRA letter on market trends in the general insurance sector
ESRB strategy paper: macro-prudential policy for non-banks
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Solvency II
EIOPA publishes monthly information on risk free interest rate term structures
PRA updates Solvency II Supervisory Statements
Second consultation on external audit of public disclosure under Solvency II Directive
European Commission requests technical advice from EIOPA on Delegated Regulation
Final report published by EIOPA on treatment of infrastructure corporates under Solvency II
EIOPA publishes update on symmetric adjustment of equity capital charge
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Enforcement
Towergate fined for breaches of Handbook
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