Financial systems company Misys said its new FSA module, designed to help brokers with compliance issues, will be launched within the next few months.
It said the FSA module was optional software which will assist brokers will a variety of routine compliance procedures, allowing them to be automated.
Misys General Insurance sales director James Gamble said although the final rules had not been published, the software was already under development. It will be available for all Misys Brooms users and will operate on all Misys platforms, he said.
The new software package will include components relating to policy documents, disclosure document and sales process, status disclosure, cancellation rights, complaints procedure and reporting, among others, said Misys.
