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 The earlier "UK-EU settlement" agreed in February 2016 is no longer valid following a vote to leave.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

  • Sailing race image

    Welcome to the latest quarterly Pensions Ombudsman Update from the CMS Pensions Team. The Pensions Ombudsman resolves hundreds of cases every year which are not only important for the parties concerned but influence wider industry practice. However, the sheer volume of cases dealt with can make it hard to keep ...

  • Frankfurt, Germany

    The CMS Germany Banking and Finance newsletter - June 2017 edition - contains the following reports (DE and EN):

    Blockchain – bringing innovation to securities settlement?
    Germany reforms its law on contesting debtor‘s transactions in insolvency proceedings (a bit…)
    The impact of the General Data Protection Regulation on the banking sector

    Federal Court of Justice considers upstream collateral – what is the impact on limitation languages?

    Reform of the Audit Regulation
    Bitcoins, Smart Contracts and Payment Services: the new fintech brochure from CMS

    Capital markets
    Reform of European prospectus law – main changes and effects in practice

    Case Law
    German Federal Tax Court ends the era of the restructuring decree – with far-reaching consequences for corporate restructurings
    German Federal Court of Justice rules on right of building societies to terminate building loan agreements

  • Fibre optic cables

    This article has been produced with Holborn Law, which operates in association with CMS. On 10 July 2017, Singapore’s long-awaited draft Cybersecurity Bill was introduced. This is a timely development, especially in view of recent cybersecurity attacks such as the Advanced Persistent Threat attacks targeting two of Singapore’s universities and ...

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Agency Database

Future Dates

* Estimated date

  • 23 August 2017

    EIOPA is to develop guidelines on the assessment of insurance-based investment products that incorporate a structure that makes it difficult for customers to understand the risks involved, under Article 30(7) of the IDD.

  • 7 September 2017

    The PRA's rules on whistleblowers in non-EEA UK branches (PRA policy statement PS8/17) enter into force on this date.

  • *Summer 2017

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