Treasury has launched a consultation on a new regulatory and tax framework for insurance-linked securities (ILS) business. The consultation sets out the key features that will be needed to attract ILS vehicles to the UK. In particular, it examines how to take an effective and competitive approach to the authorisation and supervision, corporate structure and taxation of ILS vehicles. Treasury plans to draft regulations for a new ILS framework later this year. Consultation closes on 29 April. (Source: Treasury consults on ILS)