Legal News

CP25/12—FCA consults on simplifying insurance rules

Published on: 14 May 2025
Published by LNB News

LNB News 14/05/2025

Document Information

Issue Date: 14 May 2025

Published Date: 14 May 2025

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) has published consultation paper CP25/12, seeking feedback on proposals to simplify the rules for insurance and funeral plan firms. The consultation applies to insurers, Lloyd’s managing agents, insurance intermediaries, and funeral plan providers, aiming to ensure effective regulations that foster innovation, growth, and consumer protection. Responses are sought by 2 July 2025, with changes set to be implemented following the policy statement in Q3 2025. The proposals focus on reducing regulatory burdens, enhancing competitiveness, and safeguarding consumer interests in the UK insurance sector.

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