Ian Mason

Solicitor, Gowling WLG

Ian is a Partner and Head of the UK Financial Services Regulatory team and Joint Head of the UK Financial Services Sector at Gowling WLG.

Ian has more than 20 years’ experience as a financial services regulatory lawyer providing advice on a broad range of matters, including FCA/PRA authorisation, supervision and enforcement. Ian’s non-contentious practice includes advising on the regulatory aspects of corporate and finance transactions, financial promotions and regulatory perimeter issues, regulatory issues involving funds, MAR, AIFMD, MiFID II, EMIR, suitability, client money and custody, senior management responsibility, Brexit and advising on cross-border regulatory issues. Ian has also represented listed companies, executives and MLROs in FCA investigations. Ian worked for 6 years at the FSA (now FCA) when it was first established, and was a Head of Department in the Enforcement Division.

Contributed to

1

Governance, systems and controls requirements for insurers

Practice notes

This Practice Note deals with the requirements on UK insurers concerning governance, risk management, systems and controls and suggests that these topics are approached in a holistic manner in the framework of the applicable rules and regulations. The note considers the roles of the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). The applicable rules and regulations include, the Financial Services and Markets Act 2000 (FSMA 2000), the PRA Rulebook and in particular, the Conditions Governing Business section for Solvency II firms; the Governance section for Non-Solvency II firms; the PRA Fundamental Rules, the Senior Management and Certification Regime (SM&CR) and the European Insurance and Occupational Pensions Authority (EIOPA) Guidelines on System of Governance.

Insurance & Reinsurance