UK ILS regulations expected to be approved by November

The new London insurance-linked securities (ILS) legislation is
expected to be approved by the end of the month, according to
sister title Trading Risk.
The UK government laid the new regulations before the Statutory
Instruments Committee yesterday.
The committee is formed of members of the House of Commons and
the House of Lords and will debate the regulation over the coming
weeks. The Prudential Regulation Authority (PRA) will then issue
the accompanying guidance.
There are different views on