Effective since 2023, the Consumer Duty rules have required firms to demonstrate that consumer interests are the focus of their product development, pricing and oversight practices. For those involved in Co-Manufacturing arrangements, these requirements bring extra complexity from an oversight perspective.
The FCA, both at the MGAA Conference and in other in other association forums has expressed concerns over the clear definition and management of roles and responsibilities in these arrangements.
To address these challenges, the MGAA will host a session led by ICSR, focusing on the regulatory requirements for Co-Manufacturers and the need for robust oversight and accountability in these practices.
Learning objectives:
By the end of the session, delegates will be able to:
- Outline the regulatory expectations of parties in co-manufacturing arrangements and the areas where the FCA still has concerns regarding their implementation
- Outline the regulatory expectations of parties in co-manufacturing arrangements and the areas where the
About the Presenters
Kenneth Underhill, Managing Director, ICSR
Kenneth Underhill has over 25 years in the London Insurance market and is the former General Counsel of Chubb European Group, then ACE. He was responsible for Legal, Compliance and Corporate Governance across the EMEA region. Prior to that Kenneth was a founding partner of the Commercial & Regulatory team at Reynolds Porter Chamberlain. He is the founding director of ICSR and alongside his own advisory work, manages our Talent Pool of consultants.
