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Tag Archives: governance

Posted in Regulatory and legislative updates, UK

UK: HM Treasury announces date on which SM&CR will apply to insurers

On 29 January 2018, HM Treasury announced that the Senior Managers & Certification Regime (the “SM&CR”) will apply to insurers from 10 December 2018. This means that insurers have less than a year to ensure compliance with the new requirements. The SM&CR builds on the existing accountability requirements applying to insurers, namely the Solvency II

Posted in Regulatory and legislative updates, UK

Implementing Blockchain in the Real World

Last week we held a conference where we brought together blockchain experts and industry thought-leaders in a number of sessions, sharing insights on how to embrace the technology whilst navigating the legal and regulatory framework. Our interactive breakout sessions explored distribute ledger technology and blockchain in areas such as capital markets, insurance, market infrastructure and

Posted in France, Regulatory and legislative updates

France: Notice on the notification of the persons who effectively run the undertaking or are involved in key functions by the ACPR

The French Insurance Supervision Authority (Autorité de Contrôle Prudentiel et de Résolution – “ACPR“) recently published a Notice on the appointment and renewal of persons who effectively run insurance/ reinsurance undertakings or are responsible for other key functions (“Notice“). These persons must be notified to the ACPR to allow the latter to assess the fit

Posted in Regulatory and legislative updates, UK

UK: Corporate Insurance Newsletter – July 2016

The Hogan Lovells’ Corporate Insurance Newsletter for July has been published.  This provides a round-up of UK, EU and international regulatory developments relevant to UK based insurance market participants.  In this issue, amongst other items, we cover: FCA/PRA developments EIOPA led consultation on delegated acts for IDD Various publications from the IAIS, including consultation papers

Posted in France, Regulatory and legislative updates

France: Publication of instructions and notices on the Solvency II regime by the French Insurance Supervision Authority

As of 1 January 2016 the new risk-based Solvency II regime has become applicable. To finalise its implementation under national law, the French insurance supervision authority (Autorité de contrôle prudentiel et de resolution – “ACPR”) has published in its official register, on 21 December 2015 and on 18 January 2016, various instructions and notices concerning