FSA launched a consultation on Solvency II and linked long-term insurance business

07 November 2011

The FSA's regulatory concern is the appropriateness of the Solvency II transfer of risk to different categories of policyholder. The FSA believes it is vital that it is able to continue to provide an appropriate level of protection to policyholders under Solvency II.

The purpose of this consultation paper (CP) is to present proposals for changes to the FSA's rules and guidance relating to the operation of unit-linked and index-linked insurance business, primarily in the Conduct of Business Sourcebook (COBS) 21, Permitted Links. The proposed changes are intended to reform the current rules, so that they are consistent with the requirements of Solvency II.

Consultation

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