Market Reform 2009 Market Reform Office MRC – version 1.3? Gathering input via the Associations Tax guidance possible subject If there is a new version, timescales will be similar to previous years
Market Reform 2009 Market Reform Office Lloyds Exchange Technical testing underway 3 suppliers connected Phase 1 pilot due to commence 01/05/09
Market Reform 2009 Market Reform Office FWWS MRG to prioritise prospective spend for 2009 Includes scope increase (IMR Security model) and usability improvements E-Accounting – broker plans due by end March
Market Reform 2009 Market Reform Office FSA still interested As the London Market competes for global business, it is always important – and perhaps even more so now – to pursue improvements in efficiency. Underwriters and intermediaries, along with suppliers of support services to the industry, have a collective interest in the health of the London Market, and the FSA is pleased to see the Market Reform agenda shifting gear from 'Finish what we have started' – including the very good work that you have already done on legacy issues – to pursuing in a well- defined way the MRG vision for a business model that meets customers' needs, is cost-effective and provides the infrastructure necessary to allow all participants to manage the risks that they take. Tony Brooke-Taylor, Head of Wholesale Insurance, FSA
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