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FCA proposes further regulatory cuts for insurance sector

By 2025-06-06T11:00:00

deregulation cutting red tape

Insurance Times can exclusively reveal that the regulator is seeking opinions on cutting further regulatory returns for insurance firms

The FCA has proposed further cuts to “unnecessary data reporting” as part of its drive to reduce the burden on firms it regulates.

It now feels confident that sufficient data has been gathered, with ongoing supervisory work sufficient to manage these risks without regular data submissions from firms. 

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