Following its consultation in 2017, the FCA has now published its final rules on reformed FSCS funding. These rules will take effect from April 2019.
Additionally the FCA has opened a consultation on draft rules relating to Professional Indemnity Insurance requirements for Personal Investment Firms, CP 18/11. The proposed rules will require that policies do not limit claims where the policyholder or a third party is insolvent, or where a person other than the firm itself (eg the FSCS) is entitled to make a claim.
The consultation runs until 1 August 2018.