FCA: GAP insurers agree to suspend sales following FCA concerns over fair value
13 Mar 2026 (First published: 09 Feb 2024)
United Kingdom
1 min read
FCA has announced that multiple insurance firms have agreed to pause sales of GAP insurance, following a request from the regulator. FCA notes that the firms which have agreed to this action account for 80% of the GAP market. The regulator will carry out a second tranche of engagement with the rest of the GAP market, with the aim of improving the value of the product across all firms. These firms have agreed not to use new distributors of GAP in the interim.
Last updated · 13 Mar 2026
Regulatory News - Banking & Finance
See all Regulatory News - Banking & FinanceThe Central Counterparties (Transitional Provision) (Extension and Amendment) Regulations 2026/1010
The SI extends by a further 12 months the transitional regime for overseas qualifying CCPs contained within Article 497 of the UK CRR.
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