Second tranche of SIMR delayed as deadline looms

The UK's Prudential Regulation Authority (PRA) has admitted
that parts of the Senior Insurance Managers Regime (SIMR) are not
yet in place even though it has now passed its own summer deadline.
The SIMR officially replaced the Approved Persons Regime on 1
January to come in line with the new Solvency II directive, and
parts of the new regulations went live on 7 March as part of a
phased rollout.
As part of the SIMR, carriers are expected to outline...