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Summary of regulatory developments: Updates for September 2023

4 October 2023

This report reviews regulatory updates in September for life insurance companies. We note items published by the European Supervisor Authorities (ESAs), European Insurance and Occupational Pensions Authority (EIOPA), Financial Conduct Authority (FCA), and Prudential Regulation Authority (PRA). Details include:

  • EIOPA publishes its Q&A on regulation
  • FCA review of later-life mortgages finds poor advice and misleading promotions
  • The FCA and PRA propose measures to boost diversity and inclusion in financial services
  • The PRA publishes PS 12/23, “Dealing with insurers in financial difficulties,” and CP 19/23, “Review of SII: Reform of the Matching Adjustment”

Isabel Stansfield

Monique Mahabir

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