Summary of regulatory developments: Updates for April 2023

This report reviews regulatory updates in April for life insurance companies. We note items published by the European Supervisor Authorities (ESAs), European Insurance and Occupational Pensions Authority (EIOPA), Prudential Regulation Authority (PRA), and Financial Conduct Authority (FCA). Details include: 

• ESAs propose amendments to extend and simplify sustainability disclosure
• ESAs issue a Joint Committee Report on risks and vulnerabilities in the EU financial system
• The FCA sets a clear plan for the next 12 months
• EIOPA publishes a year-end 2021 study on market and credit risk modelling
• PRA publishes its occasional consultation paper 8/23 and undertakes a critical third-party survey