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Financial Services—other developments (18/12/2024)
A round-up of other developments, which have not been covered in full by the ³ÉÈËÓ°Òô Financial Services practical guidance team but may nevertheless be of interest.
Defra publishes agreed record of UK-Norway fisheries consultations for 2025
The Department for Environment, Food & Rural Affairs (Defra) has published the agreed record of annual fisheries consultations between the UK and Norway for 2025. This bilateral agreement sets the conditions for access and reciprocal exchange of fishing quotas between the two countries. Additionally, it outlines control and enforcement provisions,...
PRA postpones dynamic general insurance stress test and revises stress testing schedule
The Prudential Regulation Authority (PRA) has announced the postponement of the launch of the Dynamic General Insurance Stress Test (DyGIST) from the initial timeline to May 2026 intending to reduce the burden on general insurers in 2025 as they prepare to report on the new Solvency UK regulatory returns. It will also allow for more efficient use...
Mayors to be given greater planning powers under ‘devolution revolution’
Planning analysis: An English Devolution White Paper (the Paper) proposes to give Mayors new development management powers, including the ability to call in planning applications of strategic importance and to charge developers a Mayoral Levy to ensure that new developments come with the necessary associated infrastructure. This analysis focuses on...