This Overview is a guide to the Financial Services content within the General matters relating to insurance regulation subtopic, with links to the appropriate materials. The subtopic deals with a range of matters that are relevant to the regulation and supervision of insurers and insurance intermediaries.
For information on other aspects of insurance regulation, see related materials referenced in: Insurance conduct requirements—overview, UK insurance distribution regime—overview, and Prudential requirements for insurers and intermediaries—overview.
Practice Note: What is a contract of insurance? covers the legal framework and regulatory guidance to be considered in determining whether an arrangement constitutes a contract of insurance and the possible consequences of carrying on activities relating to an insurance contract without the requisite regulatory permissions.
There are many different types of insurance, and the common law does not require a contract of insurance to be in any particular form. For more information about the general principles of insurance contract law, see Practice Note: General principles of insurance contract law.
The insurance industry is governed by numerous statutes, some now very old,...
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A round-up of financial services developments, including (among other things) FSB reviews public sector backstop funding mechanisms....
A round-up of financial services developments, including (among other things) ESMA sets out supervisory expectations on unauthorised stablecoins....
The Court of Appeal has overturned the convictions of Jonathan Mathew, Jay Merchant, Alex Pabon, Philippe Moryoussef, Colin Bermingham and Christian...
This week's edition of Financial Services weekly highlights includes: FCA consults on preparations for new transaction reporting regime; ESMA...
If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some point
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an
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