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Law and Financial Markets Review Volume 6, 2012 - Issue 1
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Original Articles

Financial regulatory developments

Herbert Smith
Pages 78-85 | Published online: 07 May 2015

  • Other inconsistencies between the wording of the BIPRU and INSPRU rules do not appear to have the same signifi cance but are, nonetheless, unhelpful.
  • Under s 367 FSMA.
  • Other classes, Class 8 (Fire and natural forces), Class 9 (Damage to property) and Class 18 (Assistance), were also considered but the judgment did not reach any conclusions on these classes.
  • Para 67.
  • Paras 65 and 66.
  • 73/239/EEC.
  • Note that this is not true of the replacement Solvency II directive, which is expected to come into force on 1 January 2014 and is intended to be a “maximum harmonisation” measure.

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