Regulator announces fast-track authorisations and SPV opportunities

The Financial Services Authority (FSA) used its second Insurance Sector Conference in March to make several announcements. The first, its decision not to intervene in the market’s progress in raising levels of contract certainty, was the headline revelation but the regulator also announced measures to keep it in line with its “better regulation” initiative and the potential for the EU Reinsurance Directive to open up a new market in the UK.