FCA and insurers apply to leapfrog appeals to Supreme Court in BI test case
Regulator says discussions between the parties involved in the case continue ahead of the next hearing on 2 October, as the watchdog along with seven insurers file "precautionary" applications to skip Court of Appeal.
The Financial Conduct Authority (FCA) and seven of the insurers involved in the business interruption test case have filed leapfrog applications to appeal aspects of the judgment in the Supreme Court.
According to the regulator, the deadline for parties to file these applications was yesterday (28 September). A leapfrog application means that the appeal will go directly to the Supreme Court, skipping the Court of Appeal.
The FCA further stated however, that its intention when it brought the
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