David Worsfold.
Direct writers will be the first regulatory target of the GISC. This clears up any nonsense about the council being devised by insurers as a means to control brokers.
The General Insurance Standards Council is embarking on a new roundof consultation this autumn as it tours the UK armed with a fresh set of
proposals on how it will deal with issues like point-of-sale regulation,
capital requirements, client accounts and the subject of its fee
structure.
It will also have something to say about its timetable for
registration.
Interestingly, GISC has already let slip that its original thinking on the
timetable for admitting different groups has changed in one very
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