Bethan Savage

Solicitor, Hogan Lovells

Bethan is an associate in the London insurance and reinsurance team, with experience advising clients on both non-contentious and contentious matters. On the non-contentious side, she has advised clients on insurance distribution arrangements from a regulatory perspective, and has experience drafting and negotiating distribution agreements for a range of parties, including UK banks and financial services companies. She has also supported clients through litigation and mediation proceedings.

Prior to her qualification, Bethan spent six months in Hong Kong on international secondment where she advised international clients on a variety of high-profile contentious bankruptcies and litigation cases.

Contributed to

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The Connected Contracts Exclusion—Article 72B of the Financial Services and Markets Act 2000 (Regulated

Practice Notes

This Practice Note explains the ‘Connected Contracts Exclusion’—Financial Services and Markets Act 2000, (Regulated Activities) Order 2001 (RAO), SI 2001/544, art 72B. Section 19 of the Financial Services and Markets Act 2000 (FSMA) contains the ‘general prohibition’, which makes undertaking a regulated activity without authorisation a criminal offence. RAO, SI 2001/544, Pt XVII sets out a number of exclusions that apply to certain regulated activity. RAO, SI 2001/544, art 72B transposed into UK law the provisions of Article 1(3) of the Directive 2016/97/EU, Insurance Distribution Directive (IDD) into English law and provides a general exclusion for activities carried on by a provider of relevant goods or services concerning connected contracts of insurance. The Perimeter Guidance Manual (PERG), provides useful guidance at PERG 5.11, and is described in this Practice Note.

Insurance & Reinsurance