IPRU-INV 2.3 PROFESSIONAL INDEMNITY INSURANCE

IPRU-INV 2.3.1R

A firm must effect and maintain at all times adequate professional indemnity insurance cover for all the business activities which it carries on, or for which it is responsible.

IPRU-INV 2.3.2G

In assessing the adequacy of a firms' professional indemnity insurance cover for the purposes of IPRU-INV 2.3.1R, the FCA may have regard to a firm's compliance with the professional indemnity insurance requirements of its designated professional body in force at the time.