ILS regulations expected to come into force in the autumn

In a letter dated 26 June 2017, HM Treasury has written to the London Market Group (LMG) regarding the Group’s response to the Government’s Insurance Linked Securities (ILS) Project. The Treasury confirmed its intention to complete the ILS project  and it has been working closely with the PRA, FCA and the LMG’s Market Group’s ILS Taskforce.

The regulations are being finalised in order to be laid in Parliament before the summer recess. The Treasury intends for the regime to come into force in the autumn of this year.