- Government calls for competitive, bespoke captive framework
- Final regulations to be implemented by mid-2027
- PCCs on agenda but Treasury requests further consultation
The United Kingdom has everything in place to provide a captive regime that is prosperous and attractive, but the devil will be in the detail, particularly when it comes to proportionality of future regulation, which will be a “key ingredient” in determining the jurisdiction’s future success.
Captive Intelligence broke the news on Tuesday that Chancellor Rachel Reeves had instructed the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to design and implement a bespoke regulatory regime for captives.
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