FSA unveils plans for GI
The Financial Services Authority today set out further details of its post-implementation review into the effectiveness of its general insurance conduct of business regime. The regulator added the review is being conducted in line with the FSA's move towards more principles-based regulation and with its commitment to the better regulation agenda.
In a statement the FSA said "the effectiveness review began this year" and is "focusing on how far the general insurance regime, including the conduct of business rules (ICOB), are delivering their
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