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Evening Standard
Evening Standard
Vicky Shaw

FCA unveils plans to remove ‘outdated or duplicated’ insurance rules

FCA Insurance United Kingdom the Financial Conduct Authority

The City regulator is proposing to strip “outdated or duplicated” requirements from its insurance rules, to help reduce costs for firms and encourage competition in the sector.

The Financial Conduct Authority (FCA) said the UK’s insurance market could benefit from simpler, more straightforward requirements.

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