The FCA has published a “Dear CEO” letter on its expectations of principal firms operating in the general insurance sector. In the letter, the FCA refers to the publication of the results of its thematic review into the supervision by principal firms of their appointed representatives in the general insurance sector The review found widespread […]

The Financial Conduct Authority (FCA) has published the results of its thematic review of delegated authority arrangements in the general insurance market click here http://bit.ly/1G9Ggwg The review revealed that some firms do not treat their delegated authority arrangements as outsourcing, or have not adequately considered their regulatory obligations in relation to the outsourced functions. The FCA […]