Lloyd’s risk management team has published a Market Bulletin on procedures for the notification of senior appointments. It informs of changes to the arrangements for notifying senior appointments following the introduction of PRA’s SIMR and changes to FCA’s Approved Persons Regime. Whilst the majority of these new procedures will apply from 7 March, certain parts of both regimes have already been introduced as part of a phased implementation. In view of the changes, Lloyd’s has already extended its notification requirements to cover all PRA senior insurance manager functions and all FCA controlled function positions. (Source: Lloyd’s updates on senior appointments notifications)