Reports, news and data relating to the insurance sector.

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A referendum on Britain's membership of the European Union was held on 23 June 2016. On 24 June 2016 it was announced that the UK voted to leave the EU. The earlier "UK-EU settlement" agreed in February 2016 is no longer valid following a vote to leave. The Government gave notice to the European Commission in March 2017 to 'trigger' Article 50 and begin the process.

Latest Reports

  • City, London

    The proposals in the UK Prime Minister’s speech on 17th January and the White Paper on 2nd February will require a new construct for cross-border regulatory coordination between the EU and the UK, which will operate in a complex legal and regulatory environment (outside the EU/EEA single market). CMS and ...

  • Glass sky

    Will Dibble (CMS Partner, UK) and Michael Cavers (CMS Partner, UK) held a seminar on PRIIPs Key Information Document requirements.

    Please click on the link in the title to download the PDF version of the seminar slides.

  • Pile of coins & notes

    The Romanian Financial Supervisory Authority (“FSA”) recently announced a 50% reduction of the regulatory tax on the income of insurance brokers in Romania. As such, from 1 October 2017, insurance brokers will pay a monthly tax of 0.1% of their gross income. According to the FSA, this decision follows the ...

  • CMS UK held a seminar on 4 September on 'Individual responsibility - extending SMCR to the entire industry', led by Simon Morris and Alison McHaffie.

    The seminar covered:

    1. What’s going on?
    2. What will it look like?
    3. The implementation project
    4. Senior managers
    5. Certified & other staff – and what fit and proper means
    6. The rules – and what they mean

    The seminar slides are available to view/download via the link in the title.

  • Glass sky

    On 26 July 2017, the FCA published consultation paper CP17/25 on the extension of the Senior Managers and Certification Regime (see our earlier report, which summarises the key proposals here). Our brochure looks at each of the key elements of the new regime, assessing how they will apply to non-banking ...

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Agency Database

Future Dates

* Estimated date

  • *Summer 2017

    It is expected that ESMA will publish thematic reviews regarding supervisory convergence and Capital Markets Union during this period.

  • 2 November 2017

    Deadline for responses to the EBA's discussion paper on FinTech.

  • 31 December 2017

    EBA guidelines on liquidity coverage ratio disclosure apply as of this date.