11 Report on effect of Parts 1 and 2

Part 3 Miscellaneous and General

11  Report on effect of Parts 1 and 2

(1)     Regulations made by the Treasury may require an insurer to provide information to the FCA about the effect of Parts 1 and 2 of this Act on individuals who hold policies of insurance with the insurer.

(2)     The regulations may provide that an insurer is required to provide information only if it has issued third party personal injury policies of insurance on or after 1 April 2020 to individuals domiciled in England and Wales.

(3)     The regulations may—

(a)     specify the information or descriptions of information to be provided;

(b)     specify how information is to be provided;

(c)     specify when information is to be provided;

(d)     require that information or specified descriptions of information be audited by a qualified auditor before being provided;

(e)     make provision about the audit;

(f)     require that details of the auditor be provided to the FCA.

(4)     Regulations under subsection (3)(a) may in particular require an insurer to provide information, by reference to each of the report years, about—

(a)     the amount paid by the insurer during the report period under its relevant third party personal injury policies

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