PRA and FCA have published a policy statement setting out the feedback to consultations on regulatory references and the scope of responsibilities for key function holders (see FReD 12 February) and corresponding rules made by PRA. It also provides the rules made by FCA in respect of Swiss general insurers following another consultation on implementation of the Senior Insurance Managers Regime (SIMR) (see FReD 5 February). All changes come into force by 7 March. (Source: Regulators update on strengthening accountability)