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The FCA simplified insurance rules to cut costs and boost flexibility for firms, especially small businesses.
The FCA has simplified insurance regulations to cut costs and boost flexibility, removing mandatory annual product reviews, 15-hour CPD requirements, and certain reporting duties.
Firms now have more control over training and product approvals, with changes aimed at supporting smaller businesses and innovation.
The regulator will review international rule applications and launch sector guides for consumer credit firms in 2026.
These updates follow consultations and are part of an ongoing effort to streamline rules while maintaining consumer protections.
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La FCA simplificó las normas de seguros para reducir los costes y aumentar la flexibilidad de las empresas, especialmente las pequeñas.