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ARTICLE · 24 AUGUST 2017

HM Treasury responds To ILS regime consultation

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HM Treasury has recently published its own response to the consultation process.

United KingdomInsurance
Rupert Warren
Rupert Warren

As we reported in our bulletins of 8 December 2016 and 26 January 2017, in late 2016 HM Treasury published a consultation paper containing draft regulations for the Insurance Linked Securities (ILS) framework, and in January 2017 the Insurance Law Committee of the City of London Law Society published its response to the consultation. HM Treasury has recently published its own response to the consultation process.

The latest documents summarise the responses to the consultation process and then deal with the key issues raised in those responses, providing further explanation where required. HM Treasury received 19 responses to the consultation which were technical in nature and it has therefore not described each of the responses.

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