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ARTICLE · 08 JULY 2026

FCA Presses Ahead With Insurance Simplification: Key Points From Consultation Paper 26/22

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On 29 June 2026, the Financial Conduct Authority (FCA) published Consultation Paper CP26/22, Simplifying the insurance rules — A package of proposals on the scope of our rules, disclosure and advice.

United KingdomInsurance
Andrew Wingfield
Andrew Wingfield
Edward Lister
Edward Lister
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On 29 June 2026, the Financial Conduct Authority (FCA) published Consultation Paper CP26/22, Simplifying the insurance rules — A package of proposals on the scope of our rules, disclosure and advice. This is the second phase of the FCA’s insurance simplification programme, following Policy Statement PS25/21 in December 2025 and earlier exploratory work through Discussion Paper DP24/1 and Feedback Statement FS25/2.

The consultation closes on 4 September 2026, and the FCA proposes that the rule changes will come into force shortly afterwards. This approach would allow firms to quickly benefit from the greater simplicity and additional flexibility created by the reforms.

Whilst this package of reforms is targeted in scope, it addresses key stakeholder feedback elicited through the FCA’s previous engagement with the insurance industry and represents a further deliberate move away from the EU-derived regulation introduced via the Insurance Distribution Directive in 2018. The proposals

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