Insurance Update - March 2019

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.

• European Commission adopts draft legislation making changes to Solvency II Delegated Regulation
• EU sustainable finance package – state of play
• PRA consults on liquidity risk management supervisory statement
• FCA proposes expansion of GI value data reporting
• UK: FCA final report on market study on competition in the wholesale insurance broker sector
• UK: Asset Management Market Study – new FCA rules and guidance for asset managers
• UK: Shareholder engagement and stewardship – are asset managers and institutional investors ready for their new compliance obligations?
• UK regulators finalise Brexit rules and approach
• Brexit: Temporary transitional powers for regulators 
• Brexit: “Miscellaneous” statutory instrument contains saving provision for “in flight” Part VII transfers
• Brexit: Solvency II onshoring and FSCR statutory instruments made
• Brexit: EIOPA recommendations for insurers in event of no deal Brexit
• UK-Swiss post-Brexit insurance agreement