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 The earlier "UK-EU settlement" agreed in February 2016 is no longer valid following a vote to leave.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.

  • Metal framework

    The Insurance Distribution Directive (the “IDD”) came into force on 22 February 2016; the current deadline for transposition by member states is 23 February 2018. Recently, the European Parliament’s Economic and Monetary Affairs Committee (“ECON”) recommended that the application date of the IDD is postponed until 1 October 2018. On ...

  • Berlin, Germany

    Background On 14 September 2017, Commission Delegated Regulation (EU) 2017/1542 of 8 June 2017 was published in the Official Journal of the European Union and came into force one day later ("QI-Update-Regulation"). This Regulation amends the Delegated Regulation (EU) 2015/35 concerning the calculation of regulatory capital requirements for certain categories ...

  • office abstract

    Last week, in an effort to support a more consumer-oriented approach to the recent regulatory changes on compulsory motor third party liability (“MTPL”) insurance, the Romanian Financial Supervisory Authority (“FSA”) provided a number of clarifications. The FSA clarified that when an insured sells a vehicle, the MTPL insurer, upon receipt ...

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Agency Database

Future Dates

* Estimated date

  • 31 December 2017

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

  • 1 January 2018

    A transitional period has been introduced up to this date to allow third countries to accommodate the rules. The third country regime provided by the existing CRA regulation remains unchanged; however, as the CRA III Regulation / Directive strengthen the regulatory framework for CRAs this transitional period has been introduced to allow third countries to adjust.

  • 1 January 2018

    Application date of PRIIPs Regulation in Member States. (UK - FCA's disclosure rules will also apply from this date)