UK and European Insurance Regulatory Developments, Q2 2018
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Key takeaways:
- The European Commission has started the 2020 Solvency II review process by requesting information from the European Insurance and Occupational Pensions Authority (“EIOPA”).
- The Prudential Regulation Authority and the Financial Conduct Authority published policy statements and near-final rules on the extension of the Senior Managers and Certification Regime to insurers, which take effect from 10 December 2018.
- EIOPA announced the launch of the 2018 European Union wide stress test for the insurance sector.