PRA opens consultation on reforms to UK’s ISPV regime
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PRA opens consultation on reforms to UK’s ISPV regime

Marcel Le Gouais
12 July 2022
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UK regulator the Prudential Regulation Authority (PRA) has launched a consultation aimed at developing the regime for insurance special purpose vehicles (ISPVs), which it said will in turn bolster participation in the UK’s ILS market.

The regulator’s paper said it wanted to enable market participants to make more informed decisions about participating in the ILS market by way of ISPVs.

“Such

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