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UK Finance Disputes and Regulatory Investigations Blog Blog

Articles: 1-10 of 217

Supreme Court makes final decision on business interruption insurance in landmark case

United Kingdom - January 19 2021 The Financial Conduct Authority’s (“FCA“) test case on non-physical damage business interruption (“BI”) insurance has been the focal point for…

Findings of the FRC’s Audit Committee research point towards audit sector reform

USA - December 17 2020 The Financial Reporting Council (FRC) has just published the outcome of new research into the approach that Audit Committee Chairs (ACCs) take to…

BI Insurance Update - FCA publishes draft guidance on proving the presence of COVID-19

United Kingdom - December 15 2020 At the end of last week, the FCA announced that it had commenced a consultation exercise on a piece of draft guidance it has prepared to assist…

FCA focus on Environmental Social Governance in product design and disclosure

United Kingdom - December 7 2020 The Director of Strategy at the Financial Conduct Authority (FCA), Richard Monks, recently spoke on the increasing appetite for Environmental Social…

FOS re-confirms commitment to complaints handling during pandemic

United Kingdom - November 27 2020 Last week, the Financial Conduct Authority (FCA) and the Financial Ombudsman Service (FOS) released correspondence in which the FCA sought reassurance…

FCA confirms new timeline for consultation on duty of care for regulated firms

United Kingdom - November 23 2020 The FCA has just updated on the work that it had stopped or postponed in order to allow it to focus on the more urgent work that has been required of…

High Court holds insurer is unable to aggregate claims related to theft under PI insurance policy

United Kingdom - November 19 2020 In the recent decision of Baines v Dixon Coles and Gill (A Firm) and others [2020] EWHC 2809, the High Court held that claims against a firm of…

Money transfer for specific purpose - High Court ruling on Quistclose Trusts

United Kingdom - November 17 2020 In the recent case of Patel v Barlow’s Solicitors and others [2020] 2753 (Ch) the High Court found that a Quistclose Trust arose in a situation where…

FCA reminds firms to review value of their insurance products in light of impact of COVID-19

United Kingdom - November 9 2020 The FCA has just released a statement reminding insurance firms of the guidance that it published back in June, which set out its expectations for…

BI insurance appeal to be heard by Supreme Court on 16 November 2020

United Kingdom - November 3 2020 Last night the FCA announced that the Supreme Court had granted permission to appeal the High Court’s judgment in the business interruption (“BI”)…