On 13 August 2015 a significant milestone was reached in the implementation of the Senior Insurance Managers Regime (SIMR) with the publication of final rules and guidance. These set out the PRA’s requirements of the standard of behaviour expected of those in positions of responsibility at regulated insurance firms.
The new regime has major implications for Solvency 2 firms, although solo-regulated (FCA) non-Solvency 2 firms will also see changes to the existing Approved Persons regime at the same time.
Timeframes are tight, with firms being required to start preparing themselves to enter the new regime in January 2016, with a number of tasks needing to be fulfilled before, or in the first months of, the new year.
This one-day workshop will help to set the new regime and its requirements in context and will assist firms in understanding what they have to do and by when. For those needing more practical assistance, the workshop provides a foundation which we can help you build on through our ‘SIMR Readiness Programme’, tailored to meet your specific requirements.
Delegates may opt to attend the morning only for an overview, or the full day for a discussion of the implication for their own business.
COST: £220 + VAT (MORNING ONLY) OR £300 + VAT (FULL DAY)