The proposals in this CP15/25 should be considered in the context of the reforms set out in CP15/15 (Changes to the Approved Persons Regime for insurers not subject to Solvency II), and read alongside it.
Following feedback received to CP15/15 this document:
Consultation Paper 15/25 [PDF]
This consultation affects all firms with permission to effect or carry out insurance contracts that fall out of scope of the Solvency II Directive (or of the PRA rules imposing Solvency II requirements), and their approved persons.
The proposals in this CP are unlikely to be of practical relevance to approved persons of Appointed Representatives of these firms.
We want to know what you think of our proposals and welcome comments using our online response form by 12 October 2015.
For more information see:
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