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FSA offers brokers hope with regulatory concession

The Financial Services Authority today reported that by the end of 13 July (GI Day minus six months), it had received 12710 registrations from the general insurance sector to obtain an application pack and 8624 applications for authorisation.  

The regulator also stressed that although 13 July was the date by which it could guarantee authorisation by January 2005, when firms will be regulated by the FSA, there was still an opportunity for

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

FCA’s Knight insists CPD changes are not a relaxation

The Financial Conduct Authority’s decision to ditch its 15-hour-per-year continuing professional development requirement for insurers should not be viewed as a relaxation of standards, according to the regulator’s director of insurance, Chris Knight.

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