On 14 July 2010, the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) published its draft advice on equivalence assessments to be undertaken in relation to three areas of the Solvency II directive, being reinsurance, group supervision and group solvency.
The British Insurance Brokers Association (BIBA) has written a letter dated 24 June 2010 responding to the Competition Commission's (CC) provisional decision of 14 May 2010 in relation to how Payment Protection Insurance (PPI) is sold.
On 14 June 2010, the European Commission published a consultation document on the options for dealing with short selling.
On 29 April 2010, European Advocate General Kokott gave her opinion in the case of Akzo Nobel Chemicals Ltd & Akcros Chemicals Ltd v European Commission.
The Court of Appeal handed down its judgment in Commissioners for Her Majesty's Revenue and Customs v Insurancewide.
The Court of Appeal has asked for guidance from the Court of Justice of the European Union on the compatibility with Community law of a provision in the Road Traffic Act 1988 (the RTA) governing an insurer's right of recovery.
On 15 April 2010, the European Commission (Commission) published for consultation draft technical specifications for the QIS5 exercise.
Eithne McCarthy, from the Financial Services Unit of the European Commission's Competition Directorate General (DG Comp), made a presentation on the new Insurance Block Exemption Regulation (BER) to the Law Society's Competition Section on 13 April 2010.
The European Company Statute (Regulation 21572001, which is directly applicable in EU member states) was adopted on 8 October 2001 and came into force on 8 October 2004.
The Law Commission has published an Issues Paper considering whether an insurer should be liable for loss caused as a result of its unjustified refusal to pay a claim.