Consultation outcome

Insurance Linked Securities: consultation

• From: HM Treasury
• Published: 1 March 2016
• Last updated: 18 January 2017 — See all updates

This was published under the 2015 to 2016 Cameron Conservative government

This consultation has concluded

Detail of outcome

The responses received from this consultation have fed into a second consultation’s finding, published at Autumn Statement 2016. The second consultation can be found below:

Regulations implementing a new regulatory and tax framework for Insurance Linked Securities

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Original consultation

Summary

Seeking views on a new regulatory framework for Insurance Linked Securities.

This consultation ran from
10am on 1 March 2016 to 11:45pm on 29 April 2016

Consultation description

This consultation seeks views on a new regulatory and tax framework for Insurance Linked Securities (ILS) business in the UK. ILS is now an important part of the global specialist reinsurance market.

At the March 2015 Budget, the Chancellor announced that the Treasury would work with the PRA, FCA and the London insurance market to design a new framework which would attract ILS business to the UK. The ILS project is aimed at helping the UK maintain its position as leading global hub for specialist reinsurance.

This consultation will run until 29 April 2016.

Documents

Insurance linked securities: consultation document

Ref: PU 1906

PDF, 960 KB, 32 pages

Published 1 March 2016
Last updated 18 January 2017 + show all updates

1. 18 January 2017

   Updated with the consultation's response

2. 1 March 2016

   First published.