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Proposed Guidance on the FCA's Approach to the Review of Part VIII Insurance Business Transfers - GC17/5

The FCA published a guidance consultation on its proposed approach to reviewing insurance business transfers schemes under Part VII of the Financial Services and Markets Act 2000 (FSMA).  The document can be found here.
 
The FCA explains that, while the PRA leads the Part VII process, the FCA also has an active role - in particular, under section 110 of FSMA, the FCA is entitled to be heard on an application to sanction a Part VII transfer. 
 
The proposed guidance sets out the FCA's key considerations and general expectations when reviewing a Part VII transfer and is open for comments until 15 August 2017.