FCA launches London ILS consultation

The UK Financial Conduct Authority (FCA) has opened a consultation
on regulatory proposals for the forthcoming London insurance linked
securities (ILS) market.
The regulator is seeking responses to the consultation by 14
March on issues including disclosure requirements, Financial
Ombudsman Service jurisdiction and principles for businesses.
A previous decision by the Treasury to restrict sales of ILS
products to 'Qualified Investors' had mitigated any risk to
the FCA's consumer protection objec