Insurance Update - November 2018

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.

• Brexit: European Council endorses Withdrawal Agreement
• Brexit: Solvency II “onshoring” legislation published
• Brexit: Details of FSMA statutory instrument published, including proposed changes to Part VII transfers
• Brexit: Insurance Distribution Directive statutory instrument published
• Bank of England and PRA’s preparations for Brexit
• UK FCA consultations on proposed changes to Handbook and BTS as a result of Brexit
• IAIS consults on holistic framework for systemic risk
• European Commission proposes changes to Solvency II Delegated Regulation
• Sustainable finance: moving towards a common framework – an insurance perspective
• UK PRA consults on draft supervisory statement on climate change
• Germany: Further reforms focus on life insurance
• UK PRA updates approach document
• UK PRA publishes new guidance on volatility adjustment
• PRA delays implementation of proposals on Solvency II equity release mortgages
• UK FCA general insurance market study
• Joint FCA/PRA Dear CEO letters re firms’ transition away from LIBOR
• Indian regulator revises shareholding disclosure requirements
• Recent deals