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Home / Members / Regulation

Regulation

Two new regulators replaced the Financial Services Authority (FSA) on 1 April 2013. The Financial Conduct Authority (FCA) became 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 brings with it a new approach to conduct regulation. It intends to be more judgment 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.

Keeping up with the changes will be critically 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.

The BIBA Compliance Manual has developed into an industry standard since it was first produced in 2004 in response to members’ demands. The BIBA Compliance Manual for 2014 has been updated to take into account the change in regulator from the Financial Services Authority to the Financial Conduct Authority.

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 full list of contents and the templates available please click here.

 

For more information, please contact the publishers directly:

Branko Bjelobaba at Branko Ltd

Email: branko@branko.org.uk

 

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 have any specific regulation or compliance issues please email compliance@biba.org.uk

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 2017