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Status: You are viewing the version of the handbook as on 2016-06-30.

IPRU-INV 2.3 PROFESSIONAL INDEMNITY INSURANCE

IPRU-INV 2.3.1RRP

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 2.3.2GRP

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.