EU's delay over IMD pushes regulation back three months.

Statutory regulation of insurance intermediaries has been delayed by three months, because the Europ...

Statutory regulation of insurance intermediaries has been delayed by
three months, because the European Union has failed to adopt the directive
on insurance mediation.


Statutory regulation is due to start within two years and 20 days of the
EU adopting the Insurance Mediation Directive. The directive will not now
be adopted until September at the earliest.


The Treasury's consultation on draft legislation was originally scheduled
for July but will now be published in early September or shortly after

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FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

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