#Competition Law for #Insurers and #Insurance Lawyers/ The insurance industry Globally being investigated/ How many insurers are reporting themselves to the @fca for breaching #competitionlaw @cma

Actively Looking for Enforcement Cases…
‒ New handbook provision – SUP 15.3.32R to SUP
15.3.35G
 Reporting obligation: A firm must notify the FCA if it
has or may have committed a significant infringement of
any applicable competition law.
 “Significance”: a firm should have regard to the actual
or potential effect on competition, any customer
detriment, and the duration of any infringement and
implications for the firm’s systems and controls
 Notification: as soon as it becomes aware – written or
oral application