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ARTICLE · 18 MARCH 2016

Insurance Linked Securities: UK Government Consultation

Clyde & Co
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The consultation document (published on 1 March 2016) sets out the Government's initial thinking in these areas and invites the views of stakeholders on a number of key questions.

United KingdomInsurance
Stephen Browning
Stephen Browning
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Further to discussions between the London insurance market and HM Treasury since the publication in November 2014 of the "London Matters" report on the competitive position of the London Insurance Market, the UK Government is consulting on the development of a legal framework for the authorisation and supervision, corporate structure and taxation of vehicles designed to attract insurance linked securities (ILS) business to the UK.

The consultation document (published on 1 March 2016) sets out the Government's initial thinking in these areas and invites the views of stakeholders on a number of key questions. The period for submitting responses runs until 29 April 2016; the Government aims to produce draft regulations for a new ILS framework later this year.

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