Adopt HCL’s Part VII (FSM Act 2000) | HCLTech

Adopt HCL’s Part VII (FSM Act 2000)

Ensure continuity of European business services across the EEA for success in a post-Brexit market

The UK Insurance sector has faced disruptions along multiple fronts – regulatory, socio-economic, and technological. One of the most significant change is Brexit. UK-based insurance businesses are now readying themselves to reorganize their operations and transfer their lines of business.

This transition is complex and needs to be conducted meticulously so as to abide by the requisite legal procedures, namely Part VII of the Financial Services and Market Act (FSMA) 2000. A key part of this process requires insurers to issue timely notifications to potentially millions of policyholders.