The Treasury has officially delayed its consultation on the European mediation directive, which handed insurance regulation from the General Insurance Standards Council to the Financial Services Authority (FSA), until September.
The consultation had been due to begin in July.
The delay means the FSA's consultation period, due to start immediately after the release of the Treasury's consultation document, will also be put back.
The directive is likely to be adopted by the European Parliament in late July or September, though a further delay past September has not been ruled out.
