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12 December 2017

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UK ILS rules passed by parliament

Lucy Jones 5 December 2017

A parliamentary committee has passed risk transformation regulations that will allow for an insurance-linked securities (ILS) regime in the UK.

There was huge potential for the UK to benefit from the new regime, said City minister Stephen Barclay while putting the Risk Transformation Regulations 2017 and the Risk Transformation (Tax) Regulations 2017 before the Fifth Delegated Legislation Committee last week.

"The UK would not be losing any revenue, as none of these deals are domiciled in the UK... competitors offer...


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This article was published as part of issue December 2017/1

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