In the most recent edition of its Intermediary Times, the CBI warned that, while the Investment Intermediaries Act 1995 permits an individual to provide limited services under the 'full and unconditional responsibility' of an investment business firm; such permission does not exist under the European Communities (Insurance Mediation) Regulations 2005. Insurance intermediaries must be independently registered and compliant (including regarding professional indemnity insurance obligations and submission of regulatory returns).