FCA BI court case update
20th July 2020
The Financial Conduct Authority (FCA) has further updated its webpage in relation to its High Court test case concerning business interruption (BI) insurance. The update includes an agreed list of issues and common ground which summarises what is and what is not in dispute between the parties involved with the case.
The FCA has also published ten sets of agreed facts, with supporting evidence, which the parties have now agreed and which are necessary to resolve the issues in dispute. As well as a new set of assumed facts.
The trial is taking place over eight days, running from Monday 20th-23rd July 2020, and Monday 27th -30th July
Members may access the trial timetable to see who is speaking and when, by clicking here.
In order to watch the trial live firms may click on the following Ministry of Justice external link, which will become live just before each day’s sitting starts (due 10.30 am):
Please be aware that the court rules do not allow any form of recording to be made of the live-stream proceedings.
Members may access all the FCA’s updates by clicking here.
BIBA members’ compliance and regulation queries should be directed to: [email protected].