07-03-2016 21:53 via insuranceinsider.com

Elements of the SIMR delayed

A number of rules that had been slated to take effect as part of
the UK's Senior Insurance Managers Regime (SIMR) have been
delayed until later this year.
The SIMR, which replaced the Approved Persons Regime on 1
January to bring it into line with Solvency II, went live today (7
March).
However, while some of the rules have come into force, a number
have been delayed after several concerns were highlighted by
industry stakeholders.
This second tranche of rules...
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