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Insurance regulatory news, 15 March 2021

FIG Bulletin

15 March 2021

Recent regulatory developments of interest to insurers and their intermediaries. See also our Financial institutions general regulatory news in the Related Materials links.

Value measures reporting: Lloyd’s Market Association guidance

The Lloyd's Market Association has published guidance on value measures reporting and product governance requirements published in the UK Financial Conduct Authority's (FCA) policy statement, PS20/9, on general insurance value measures reporting and publication. The guidance document includes a summary of the requirements and FCA FAQs. The requirements take effect on 1 July 2021.