UK regulators consult on manager accountability rules

The Financial Conduct Authority (FCA) today released long-awaited
proposals for the rollout of a new personal accountability
framework to insurers and other firms under its auspices, as the
Prudential Regulation Authority (PRA) began consulting about honing
its recently introduced regime for insurance managers.
The UK agencies, working in tandem, want to align their conduct
and accountability rules with those governing the banking sector
and both have offered leeway for smaller carriers.
The FCA