Insurance Update - April 2022

The following topics are covered in this issue. To see the articles, please log on to our Knowledge Portal or contact your usual Linklaters’ contact.

• ESG Legal Outlook 2022
• EU Taxonomy: Commission publishes final Delegated Act with technical screening criteria for nuclear power and natural gas; updated supervisory statement on SFDR and Taxonomy application; PSF report on social taxonomy
• EIOPA consultation on retail investor protection re sale of IBIPs
• EIOPA issues recommendations from its 2021 Insurance Stress Test
• EIOPA submits draft amendments to supervisory reporting and disclosure requirements to the European Commission
• HM Treasury update on UK Solvency II reform
• UK PRA Dear CEO letter on 2022 priorities for insurance supervision
• UK PRA modification by consent for third-country branches that write business relating to risks which are not located in the UK
• UK regulators finalise updated approaches to insurance business transfers
• UK operational resilience rules take effect
• FCA finalises changes to UK PRIIPs regime
• Recent deals