MP highlights loophole in Leasehold Reform Bill

FCA

Matt Brewis, head of insurance for the Financial Conduct Authority, has appeared before a parliamentary committee to discuss the Leasehold and Freehold Reform Bill and been challenged by MPs over whether the current crop of rules ensure insurance costs are reasonable.

Barry Gardiner, Labour MP for North Brent, pressed Brewis on the transparency elements of the Bill.

In November, Michael Gove, Secretary of State for Levelling Up, Housing and Communities, introduced

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FCA overwhelmed by feedback on naming and shaming

Emily Shepperd, chief operating officer of the Financial Conduct Authority, has said the regulator will “really take our time” when considering its proposed plans to name firms it is investigating before any decision has been made.