https://s1-uk.practicallaw.thomsonreuters.com/WLN-PLCUK-SC_2607.1.1013/productViews/plcuk/Legal updateshttps://uk.practicallaw.thomsonreuters.comInsurers & Reinsurershttps://uk.practicallaw.thomsonreuters.com/Document/I680f3911868011f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I680f3911868011f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 23 Jul 2026 00:00:00 CDTThe FCA has published a new webpage setting out expectations on how general insurance firms should manage conflicts of interest arising from vertically-integrated business models.https://uk.practicallaw.thomsonreuters.com/Document/I680f3911868011f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Id152923b859011f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Id152923b859011f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 22 Jul 2026 00:00:00 CDTThe PRA has published a consultation paper on amalgamations and transfers of insurance friendly societies (CP12/26).https://uk.practicallaw.thomsonreuters.com/Document/Id152923b859011f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I99c9cdac84de11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I99c9cdac84de11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 21 Jul 2026 00:00:00 CDTThe EU Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) has published its final report on draft implementing technical standards (ITS) on co-operation in the EU anti-money laundering (AML) and counter-terrorist financing (CTF) supervisory system for the purposes of direct supervision under Article 15(3) of the AMLA Regulation ((EU) 2024/1620).https://uk.practicallaw.thomsonreuters.com/Document/I99c9cdac84de11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ifdedf67184a011f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ifdedf67184a011f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 21 Jul 2026 00:00:00 CDTThe FCA has published the Wider Implications Framework's annual report for 2025/26, which includes a section on future changes to the Framework to ensure it continues operating effectively.https://uk.practicallaw.thomsonreuters.com/Document/Ifdedf67184a011f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ic392fdcd842611f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ic392fdcd842611f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 21 Jul 2026 00:00:00 CDTThe Home Office has launched a call for evidence on unauthorised fraud in the UK, seeking views from industry, regulators, law enforcement, consumer groups and victims to help shape the government's future response to this growing economic crime threat. Responses are invited until 7 October 2026.https://uk.practicallaw.thomsonreuters.com/Document/Ic392fdcd842611f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I8f363bcf821711f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I8f363bcf821711f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 20 Jul 2026 00:00:00 CDTThe PRA has fined HDI Global SE, a branch of a global insurer, £4.165 million for repeated failures to accurately calculate and report data relating to liabilities and fee tariffs under the Financial Services Compensation Scheme (FSCS).https://uk.practicallaw.thomsonreuters.com/Document/I8f363bcf821711f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ic76fa695812911f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ic76fa695812911f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 17 Jul 2026 00:00:00 CDTThe European Commission has adopted a Delegated Regulation supplementing the Solvency II Directive (2009/138/EC) as amended by the Solvency II Amending Directive ((EU) 2025/2). It concerns regulatory technical standards (RTS) specifying the factors to consider to identify undertakings that are under dominant or significant influence and undertakings that are managed on a unified basis. The RTS also cover the conditions and criteria to use to determine which activities carried out by insurance and reinsurance undertakings under the right of establishment, or under the freedom to provide services, are of relevance with respect to the host member state's market.https://uk.practicallaw.thomsonreuters.com/Document/Ic76fa695812911f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ib61580aa7ed911f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ib61580aa7ed911f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 17 Jul 2026 00:00:00 CDTA round-up of the week's Brexit-related developments for the Practical Law Brexit current awareness alert to 17 July 2026.https://uk.practicallaw.thomsonreuters.com/Document/Ib61580aa7ed911f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ie5b08f5c802a11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ie5b08f5c802a11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 15 Jul 2026 00:00:00 CDTThe Department for Science, Innovation and Technology has launched an open call for evidence, Data regulation in the age of AI and other data-intensive technologies, seeking input on how UK data regulation interacts with AI to assess the need for further guidance or regulatory reform.https://uk.practicallaw.thomsonreuters.com/Document/Ie5b08f5c802a11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/If1283ae6805f11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/If1283ae6805f11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 15 Jul 2026 00:00:00 CDTEIOPA has published a further batch of final reports relating to draft technical standards and guidelines under the Solvency II Directive (2009/138/EC), as amended by the Solvency II Amending Directive ((EU) 2025/2).https://uk.practicallaw.thomsonreuters.com/Document/If1283ae6805f11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ie6f82951802a11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ie6f82951802a11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 15 Jul 2026 00:00:00 CDTHM Treasury has published the AI adoption plan for the UK financial services sector developed by the Financial Services AI Champions, Harriet Rees (Starling Bank Group, Chief Information Officer) and Dr Rohit Dhawan (Lloyds Banking Group, Head of AI and Advanced Analytics).https://uk.practicallaw.thomsonreuters.com/Document/Ie6f82951802a11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ie6f82bba802a11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ie6f82bba802a11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 15 Jul 2026 00:00:00 CDTThe Bank of England (BoE) has published a speech by Andrew Bailey, BoE Governor, on how well-designed regulation can support sustainable economic growth. Mr Bailey addresses the three areas of regulating bank capital, payments and tokenisation and the opportunities and risks posed by AI.https://uk.practicallaw.thomsonreuters.com/Document/Ie6f82bba802a11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I71f6b5ae7fd511f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I71f6b5ae7fd511f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 15 Jul 2026 00:00:00 CDTHM Treasury has published an update on delivery of its Financial Services Growth and Competitiveness Strategy one year after its launch.https://uk.practicallaw.thomsonreuters.com/Document/I71f6b5ae7fd511f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I459f4a497faa11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I459f4a497faa11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 15 Jul 2026 00:00:00 CDTHM Treasury has announced the launch of the Financial Services Skills Compact. This is a voluntary initiative with the Financial Services Skills Commission, under which signatory UK financial services firms commit to four specific actions to address skills gaps in the sector.https://uk.practicallaw.thomsonreuters.com/Document/I459f4a497faa11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/If1283b90805f11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/If1283b90805f11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 15 Jul 2026 00:00:00 CDTThe International Association of Insurance Supervisors (IAIS) has published a thematic note on how to build a risk-based solvency regime using an own risk and solvency assessment (ORSA) as a basis.https://uk.practicallaw.thomsonreuters.com/Document/If1283b90805f11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ic188812f7f7311f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ic188812f7f7311f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 14 Jul 2026 00:00:00 CDTThe PRA has published a consultation paper on a bespoke regime for captive insurance companies (CP11/26) alongside an equivalent consultation paper (CP26/29) published by the FCA. The consultation papers set out the regulators' proposals for a tailored, proportionate and competitive captive insurance regulatory framework, designed to make the UK a more attractive place for establishing captives.https://uk.practicallaw.thomsonreuters.com/Document/Ic188812f7f7311f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ib615f2107ed911f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ib615f2107ed911f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 14 Jul 2026 00:00:00 CDTThe House of Commons Treasury Committee has published a report setting out the findings from its inquiry on the financial inclusion strategy HM Treasury launched in November 2025.https://uk.practicallaw.thomsonreuters.com/Document/Ib615f2107ed911f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I4043ee557f6a11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I4043ee557f6a11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 14 Jul 2026 00:00:00 CDTOfcom has published a consultation on draft Codes of Practice for large online service providers and search services to tackle fraudulent advertising. The consultation, which closes on 2 October 2026, is part of Ofcom's implementation of the Online Safety Act 2023 (OSA). The OSA requires in-scope service providers to prevent and remove paid-for fraudulent advertising. The draft Codes of Practice set out detailed measures providers can take to achieve this.https://uk.practicallaw.thomsonreuters.com/Document/I4043ee557f6a11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I52185e0a7c6311f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I52185e0a7c6311f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 13 Jul 2026 00:00:00 CDTThe Information Commissioner's Office (ICO) has launched a consultation on its draft corporate strategy. The consultation closes on 23 August 2026.https://uk.practicallaw.thomsonreuters.com/Document/I52185e0a7c6311f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Id135fa217c8711f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Id135fa217c8711f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 13 Jul 2026 00:00:00 CDTThe International Association of Insurance Supervisors (IAIS) has published the final updated versions of two application papers on recovery and resolution.https://uk.practicallaw.thomsonreuters.com/Document/Id135fa217c8711f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Icd2d9faa7c4611f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Icd2d9faa7c4611f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 10 Jul 2026 00:00:00 CDTHM Treasury has published a press release announcing that four major global cloud services and technology providers are being designated as critical third parties (CTPs) from 13 July 2026 to help strengthen the resilience of the UK financial system.https://uk.practicallaw.thomsonreuters.com/Document/Icd2d9faa7c4611f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I33ec6b387c6c11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I33ec6b387c6c11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 10 Jul 2026 00:00:00 CDTEIOPA has published a letter sent to the European Commission about excluding generalised linear models (GLMs) and generalised additive models (GAMs) from the scope of high-risk AI systems under paragraph 5(c) of Annex III to the EU AI Act ((EU) 2024/1689).https://uk.practicallaw.thomsonreuters.com/Document/I33ec6b387c6c11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I2c7ff6df7bcd11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I2c7ff6df7bcd11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 10 Jul 2026 00:00:00 CDTThe FCA has published its findings following a review of 38 firms' approaches to the products and services outcome under the consumer duty, with examples of good practice and areas for improvement across product design, monitoring and distribution.https://uk.practicallaw.thomsonreuters.com/Document/I2c7ff6df7bcd11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Idec774f07a9311f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Idec774f07a9311f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 10 Jul 2026 00:00:00 CDTA round-up of the week's Brexit-related developments for the Practical Law Brexit current awareness alert to 10 July 2026.https://uk.practicallaw.thomsonreuters.com/Document/Idec774f07a9311f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I7f9b7ec07ade11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I7f9b7ec07ade11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 09 Jul 2026 00:00:00 CDTThe Department for Business and Trade (DBT) has published a call for evidence, seeking stakeholder views on how smart data schemes should be designed and implemented across retail, transport, trade, agrifood and property sectors. The call for evidence closes on 1 October 2026.https://uk.practicallaw.thomsonreuters.com/Document/I7f9b7ec07ade11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/If74e4dde7ad911f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/If74e4dde7ad911f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 09 Jul 2026 00:00:00 CDTAt its 122nd plenary meeting on 7 July 2026 the European Data Protection Board (EDPB) adopted draft Guidelines 02/2026 on anonymisation and draft Guidelines 03/2026 on webscraping in the context of generative AI which are open for public consultation until 30 October 2026. It also adopted the final version of its Guidelines 02/2025 on processing of personal data through blockchain technologies.https://uk.practicallaw.thomsonreuters.com/Document/If74e4dde7ad911f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I417da8697b1c11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I417da8697b1c11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 09 Jul 2026 00:00:00 CDTThe House of Lords Financial Services Regulation Committee has published the FCA's and PRA's one-year update on their progress on growth and international competitiveness in response to the Committee's second report on the FCA and PRA secondary objective of facilitating the UK economy's growth and international competitiveness.https://uk.practicallaw.thomsonreuters.com/Document/I417da8697b1c11f1b282c724fbd952fe/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I4d0120937b6f11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I4d0120937b6f11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 09 Jul 2026 00:00:00 CDTEIOPA has published its final set of consultation papers relating to the implementation of the Insurance Recovery and Resolution Directive ((EU) 2025/1) (IRRD).https://uk.practicallaw.thomsonreuters.com/Document/I4d0120937b6f11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I4d0122827b6f11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I4d0122827b6f11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 09 Jul 2026 00:00:00 CDTThe International Association of Insurance Supervisors (IAIS) has published a mid-year update on its 2026 global insurance market report (GIMAR).https://uk.practicallaw.thomsonreuters.com/Document/I4d0122827b6f11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I4d00f37f7b6f11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I4d00f37f7b6f11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 09 Jul 2026 00:00:00 CDTThe EU Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) has published its final report and draft regulatory technical standards (RTS) on pecuniary sanctions, administrative measures and periodic penalty payments under the Sixth Money Laundering Directive ((EU) 2024/1640) (MLD6).https://uk.practicallaw.thomsonreuters.com/Document/I4d00f37f7b6f11f1a12ae8a22e010fcd/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29