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ARTICLE · 16 MAY 2011

Corporate Insurance Regulatory Update – May 2011

Clyde & Co
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In this consultation paper the FSA invites comments on various changes to the Handbook including those highlighted below, for which comments should be provided by 6 June 2011.

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Geraldine Quirk
Geraldine Quirk
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FSA Policy Documents

CP11/7: Quarterly consultation paper No.28

6 April 2011

In this consultation paper the FSA invites comments on various changes to the Handbook including those highlighted below, for which comments should be provided by 6 June 2011. In Chapter 2 the FSA explains its proposed amendments to the Handbook of the Glossary definition of 'Holloway sickness policy'. It intends to replace the reference to the 'Holloway system' with a list of the four characteristics that will need to be met for a policy to be classified as a Holloway sickness policy.

In Chapter 8 the FSA explains the changes it and the Financial Ombudsman Service intend to make to the Dispute Resolution: Complaints (DISP) sourcebook regarding the FSA's new statutory power to make consumer redress schemes. The proposed changes concern:

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