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Home / Members / Regulation

Regulation

The Financial Conduct Authority (FCA) is responsible for the conduct supervision of all regulated financial firms and the prudential supervision of those not supervised by the Prudential Regulation Authority (PRA).

The FCA promised an approach that would be judgement led, forward looking and interventionist with a focus on firms’ business models and the potential risks that their activities pose to consumers and financial stability.

A productive working relationship with the regulator, and a firm handle on any regulatory changes is important for BIBA members of all sizes. This section of the BIBA website aims to help members do just that. It is dedicated to regulatory and compliance matters and acts as a repository of information for members, allowing them to access the information they want, when they want it.

 

Regulation Updates

BIBA issues Regulation Updates on a regular basis to alert members to regulatory developments – from the publication of FCA papers to clarity on rule interpretation.

See the full list of regulation updates

Latest Bulletins

Compliance Rules

Compliance Forums

Find upcoming compliance forum event dates in the events section.

Broker Magazine

BIBA produces a quarterly magazine, The Broker, which aims to give members of BIBA and relevant stakeholders information and insight about BIBA membership, initiatives and campaigns.

See all issues of Broker Magazine online

Regulation Articles

The BIBA Compliance Manual

An essential tool written in plain English which not only helps you understand what the rules mean but then how to implement effective compliance within your own firm. The manual is priced at an extremely competitive £495 plus VAT.

An essential tool written in plain English which not only helps you understand what the rules mean but then how to implement effective compliance within your own firm. The manual is priced at an extremely competitive £495 plus VAT.

The BIBA Compliance Manual has developed into an industry standard since it was first produced in 2004 in response to members’ demands.

This easy-to understand compliance manual acts as a source of reference as well as providing an explanation of key rules and requirements. Each chapter explains in plain English what the rules mean and then provides clear templates in order to help members achieve, maintain and demonstrate compliance.

For a summary of the content please click here

Gavin Mitchell, Managing Director of Allied Westminster (Insurance Services) Ltd said:

“For anyone who wants to rightly embrace compliance as were it an academic subject or discipline, I firmly believe there is nothing better than the BIBA Compliance Manual, put together by Branko Ltd. It is an absolute masterpiece, superbly structured, flows like a first-class textbook, and has an excellent stock of well-placed document templates. I believe it is invaluable in terms of practical application, so much so that we have built our entire compliance systems around this Manual. I simply cannot understand why any BIBA Member would hesitate, it is worth every penny”

 

For more information, please contact the publishers directly:

Branko Bjelobaba at Branko Ltd

Email: [email protected]

 

Lloyd’s and London Market members

BIBA’s membership operates nationally and internationally. Find the formal information you need about issues arising and doing business in the London insurance market here.

Lloyd’s of London

International Underwriting Association

London Market Group

Lloyd’s Market Association

Latest Bulletins

See all Lloyd’s and London Market Members updates

Useful Links

The FCA’s website contains an enormous volume of information, but finding what you are looking for is not always easy. This section provides links to some of the more relevant pages for insurance intermediaries from the FCA and other bodies that have a bearing on the industry.

Useful Links

CONTACTS

If you are a BIBA Member and have any specific compliance issues please email [email protected]

Please note: We are sorry, but BIBA is unable to answer questions from members of the public using this email address. Any queries/complaints from customers relating to their individual insurance arrangements should be directed to their insurance broker.

Code of Good Practice to help vulnerable customers

The Association of British Insurers and the British Insurance Brokers’ Association launched a joint Code of Good Practice to help insurers and insurance brokers recognise and help potentially vulnerable customers, who may need extra support when renewing motor and home insurance policies.

View Code of Conduct

View Press release

© BIBA 2019