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FCA proposals aim to cut duplication in insurance governance
UUnited Kingdom

FCA proposals aim to cut duplication in insurance governance

  • September 9, 2025

The consultation follows concerns that current co-manufacturing rules under PROD 4.2 create duplication and cost inefficiencies, particularly in delegated authority arrangements. Both insurers and intermediaries, including managing general agents (MGAs) and brokers, are presently required to comply with the same obligations, even when responsibilities overlap.

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  • CP25/12 consultation
  • Financial Conduct Authority
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  • Great Britain
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