In this issue: this month's roundup of developments affecting the insurance industry sees the FCA publish a report of its thematic review of ARs in the general insurance sector, the government consider a report from the Public Accounts Committee on mis-selling and the ICO publish a statement on Brexit, confirming that for the time being companies must continue preparing for the GDPR.

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Brexit

• ABI advises travellers to keep calm and carry travel insurance and EHIC
• BIBA Chief Executive – business as usual
• First court hearing on Article 50 Challenge

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General Update

• PAC report on financial mis-selling: response published
• Women in Finance Charter signed by ABI
• Updated online consumer focus tool from Insurance Europe
• EIOPA's future priorities detailed in interview with Chair
• EIOPA reports on financial stability risks in EEA

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Data Protection

• ICO publishes Brexit statement
• ICO publishes annual report for 2015/2016

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New Legislation & Consultations

• Significant changes to English insurance law in August 2016
• Delegated Regulation supplementing PRIIPs Regulation adopted
• Insurance Europe published mock-ups for standardised IPID under IDD
• Consultation on draft technical advice to EC on delegated acts concerning IDD
• IAIS consultation: risk-based global insurance capital standard
• IAIS publishes questionnaire for firms on thematic self-assessment and peer review
• OECD consults on insurer governance guidelines
• EIOPA thematic review on insurers operating in unit-linked life insurance market
• IAIS consultation on approaches to supervising intermediaries
• Joint Committee of ESAs Q&As KIDs for PRIIPs

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Regulatory Developments

• FCA findings on thematic review of ARs in the general insurance sector
• FCA publishes pensions guidance signposting findings
• PRA publishes reporting requirement for companies outside the scope of Solvency II
• PRA letter on market trends in the general insurance sector
• ESRB strategy paper: macro-prudential policy for non-banks

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Solvency II

• EIOPA publishes monthly information on risk free interest rate term structures
• PRA updates Solvency II Supervisory Statements
• Second consultation on external audit of public disclosure under Solvency II Directive
• European Commission requests technical advice from EIOPA on Delegated Regulation
• Final report published by EIOPA on treatment of infrastructure corporates under Solvency II
• EIOPA publishes update on symmetric adjustment of equity capital charge

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Enforcement

• Towergate fined for breaches of Handbook

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