The August edition of the PRA’s Regulatory Digest includes:
- news about a New Insurer Start-up Unit. This is a joint initiative with the FCA. The dedicated page on the Bank of England’s website includes a guide to becoming an insurer in the UK, and also a call for feedback on perceived barriers to entry in the insurance industry and possible remedial measures; and
- updates relating to the Enforcement Decision Making Committee, including to the Committees procedures document and the PRA’s approach to enforcement statutory statements.