Please join us for our breakfast briefing on Thursday 5 November where we will look at the UK’s new regulatory regime for individuals and how it applies to UK insurance and reinsurance firms. This is the second in a series of briefings looking at how the new regulatory regime affects specific individuals. On 5 November we will consider the application of the regime to UK (re)insurers, including UK branches of non-EEA (re)insurers.
The new UK regime for strengthening accountability in major financial services firms comes into force on 7 March 2016. In the context of (re)insurers, however, the requirements of the UK's new regulatory regime are combined with the governance requirements of the Solvency II Directive which come into force on 1 January 2016. UK Solvency II firms will thus be subject to a combined regulatory regime for senior individuals which comes into force in stages from 1 January 2016.
If you want to learn more about this new regime prior to the briefing on 5 November, please refer to the second in our series of legal updates about these developments: The UK's new regulatory regime for individuals Part 2: How does it apply to (re)insurers? Read full update
Join us to hear how this new regime could affect you and your firm and what you need to do between now and January 2016.