David Worsfold.
The Financial Services & Markets Bill is facing long delays giving scope for all manner of problems within the insurance sector - particularly for the IBRC.
The near certainty of a long delay in getting the Financial Servicesand Markets Bill through Parliament is going to have serious knock-on
consequences, not least when it comes to abolishing the Insurance Brokers
Registration Council. This bill's core function is to create a single,
super-regulator that replaces all the self-regulatory bodies created under
the 1986 Financial Services Act.
It will also repeal the Insurance Brokers (Registration) Act.
The new regulator has already been established as
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