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Statement regarding Competition Commission’s decision on prohibition of point of sale
- Norton Rose LLP
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- United Kingdom
- -
- May 21 2010
The British Bankers Association (BBA) has issued a statement stating that it is very disappointed that the Competition Commission has decided to pursue a point of sale prohibition for payment protection insurance products
New block exemption regulation for insurance sector adopted
- Norton Rose LLP
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- European Union
- -
- March 25 2010
Yesterday, 24 March 2010, the European Commission (Commission) adopted a new Block Exemption Regulation (IBER) for the insurance sector
European Commission publishes results of a study on tying and other potentially unfair commercial practices in the retail financial service sector
- Norton Rose LLP
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- European Union
- -
- January 28 2010
In 2007 the European Commission announced a study on tying and other potentially unfair commercial practices in the retail financial sector
Executives could carry the milk can for supermarket’s involvement in dairy cartel
- Norton Rose LLP
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- United Kingdom
- -
- January 28 2010
A judgment of the English High Court published on Friday 15 January concerning the potential liability of executives for cartel activities could have wide reaching implications for companies and employees implicated in cartels, for insurers and for the Office of Fair Trading’s (OFT) leniency policy and its fledgling settlement procedure
Are you ready for the new Block Exemption?
- Norton Rose LLP
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- European Union
- -
- January 20 2010
In October 2009 the European Commission published its draft Block Exemption Regulation (IBER) for the insurance sector and launched a public consultation on its proposals
MoU between the OFT and the FSA
- Norton Rose LLP
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- United Kingdom
- -
- December 14 2009
In April 2006 the FSA and the Office of Fair Trading (OFT) published a joint action plan which was entitled Delivering better regulatory outcomes
Italian court gives decision on the unfair practices of financial intermediaries
- Norton Rose LLP
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- Italy
- -
- September 3 2009
The Italian Consiglio di Stato (a jurisdictional Court with competence to issue non-binding opinions on matters of public law) has recently affirmed, in an opinion issued upon the request of the Italian Antitrust Authority, that financial intermediaries are not subject to discipline for aggressive, unfair and misleading conduct under the Consumer Code (implementing the European Unfair Commercial Practices Directive 200529EC
European Commission presents its preliminary views on the renewal of the Insurance Block Exemption
- Norton Rose LLP
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- European Union
- -
- March 25 2009
On March 24 2009, the European Commission (Commission) presented its preliminary Report on whether to renew the current Insurance Block Exemption (IBER), which is due to expire in March 2010
Competition Commission publishes final report on the PPI market and sets out a package of remedies to improve the market
- Norton Rose LLP
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- United Kingdom
- -
- February 5 2009
The Competition Commission (CC) has published its final report into the Payment Protection Insurance (PPI) market and has introduced a package of remedies to address market competitiveness
Clarification of ICOBS requirements following publication of the final report of the Competition Commission's market investigation into the supply of PPI
- Norton Rose LLP
- -
- United Kingdom
- -
- February 2 2009
The Competition Commission (CC) has published the final report of its market investigation into the supply of payment protection insurance (PPI
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