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Tag Archives: Delegated authority

Posted in Market developments, Regulatory and legislative updates, UK

UK: FCA finds failings in delegated authority arrangements

In an increasingly complex and diversified market, business acquisition and administration structures relying on the delegation of authority to third parties has become commonplace. The findings that the FCA has made in its thematic review, “Delegated authority: Outsourcing in the general insurance market” are therefore of significance for many participating in the UK general insurance