We are asking for comments on this Consultation Paper by 1 August 2018.
Please use this online form or alternatively write to: Clare Vicary, Financial Conduct Authority, 25 The North Colonnade, Canary Wharf, London, E14 5HS
Email: [email protected]
We make all responses to formal consultation available for public inspection unless the respondent requests otherwise. We will not regard a standard confidentiality statement in an email message as a request for non-disclosure.
Despite this, we may be asked to disclose a confidential response under the Freedom of Information Act 2000. We may consult you if we receive such a request. Any decision we make not to disclose the response is reviewable by the Information Commissioner and the Information Rights Tribunal.
Once you complete this form, we will email you a copy of your submission to acknowledge receipt of your response.
Reflecting the feedback we received to CP17/36, we are asking for views on a proposal relating to Professional Indemnity Insurance (PII) policies. We are proposing that PIFs should have PII policies that do not limit claims, where the policyholder or a third party is insolvent, or where a person other than the PIF (eg the FSCS) is entitled to make a claim. The changes are intended to ensure that more consumer claims are paid by insurers which could help to reduce the cost of the FSCS to other firms.