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Summary of regulatory developments: Updates for June 2023

18 July 2023

This report reviews regulatory updates in June for life insurance companies. We note items published by the European Supervisor Authorities (ESAs), European Insurance and Occupational Pensions Authority (EIOPA), Prudential Regulation Authority (PRA), and Financial Conduct Authority (FCA). Details include the following:

  • The ESAs published progress reports on greenwashing.
  • EIOPA and the European Banking Authority published Data Point Modelling Standard 2.0.
  • EIOPA published its Annual Report 2022 and June 2023 Financial Stability Report.
  • The FCA published a one-month warning for Consumer Duty and widened retail and pensions access to long-term asset funds.
  • The PRA published consultation paper (CP) 12/23

Isabel Stansfield

Monique Mahabir

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