ABI meaning

In this issue: Prudential requirements Financial crime and sanctions Complaints, compensation and claims management Investigations, enforcement and discipline Regulation of capital markets Sustainable finance and ESG Banks and mutuals Investment funds and asset management UK MiFID II Consumer credit, mortgage and home finance Regulation of insurance FSMA regulated pensions activity Payment services and systems Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts New and updated content Dates for your diary Prudential requirements COREPER asked to endorse agreement on CCP concentration risk treatment After the European Parliament adopted, in April 2024, a proposal for a directive of the Parliament and the Council to amend Directive 2009/65/EC (UCITS), Directive 2013/36/EU (CRD IV) and the Investment Firms Directive (EU) 2019/2034 (IFD), the Council of the EU’s General Secretariat released an ‘I/A’ Item Note inviting the Council’s Permanent Representatives Committee (COREPER) to confirm its agreement...

The ABI’s quarterly premium tracker Between April–June 2025, the average policy price stood at £562, down from £622 in the equivalent period of 2024. It also sits below the £581 typical cost recorded in the first quarter of 2025. The tracker analyses almost 28 million policies sold each year and is based on the price customers paid...

On 6 August 2025, the reinsurer reported that the tally, up by US$69bn on the first half of 2024, was chiefly fuelled by January 2025’s extensive Los Angeles wildfires and intense thunderstorms across the US. It noted that the California blazes represented the biggest insured wildfire loss on record, producing insured losses of US$40bn. According to the firm, the aggregate for the opening six months of 2025 is nearly double the ten‑year average and already accounts for more than half of the US$150bn anticipated for the whole of 2025. Swiss Re added that natural catastrophes tend to be more prevalent in the latter half of 2025, meaning the amount could potentially surpass the forecast given...

ABI Refer to the Association of British Insurers. Accounts meeting The specific general meeting at which a company lays, or proposes to lay, its annual accounts and reports under CA 2006, s 437—most commonly the AGM. Public companies must dispatch copies of their annual accounts and reports no later than 21 days before the date of the relevant accounts meeting (CA 2006, s 424). For more information, see Practice Note: Publication and laying of annual accounts and reports. Accounting reference period (ARP) Typically a twelve‑month period over which a company prepares its accounts. If the company’s accounting period does not match its period of account, or if it extends across more than one financial year, profits must be apportioned (see accounting reference date (ARD) below and Practice Note: Basic principles of corporation tax—overview). Accounting reference date (ARD) A company’s accounting reference period is set by its accounting reference date: the period ends on that date. The ARD is usually the final day of...

A Term Explanation AIC Corporate Governance Code (AIC Code) The corporate governance code published by the Association of Investment Companies sets out a best‑practice framework for the governance of closed‑ended investment companies whose shares are traded on public markets. AIM company/AIM companies A company with a class of securities admitted to AIM, the market operated by London Stock Exchange plc. Association of British Insurers (ABI) A trade association representing the UK insurance industry with a focus on corporate governance; following its June 2014 merger with ABI Investment Affairs, the Investment Association (IA) assumed responsibility for the corporate governance guidance previously issued by the ABI. Association of Investment Companies (AIC) A membership organisation representing a broad spectrum of investment companies, investment trusts, venture capital trusts and other closed‑ended funds. Audit, Reporting and Governance Authority (ARGA) A new, independent regulator not yet in place, recommended by the Kingman Review to replace the Financial Reporting Council. Its recommended purpose is to protect investors’ interests and the...

PI & Clinical Negligence horizon scanner-August 2021 [Archived] Archived: This Practice Note is no longer maintained and is retained for reference only. It condenses the key legal developments relevant to personal injury and clinical negligence practitioners as at 2 August 2021. For the most up-to-date horizon scanner, please refer to PI and Clinical Negligence horizon scanning-overview. Coronavirus (COVID-19) To keep abreast of swiftly changing court processes and procedures prompted by the pandemic-and for sector guidance on managing cases during this period, including medical examinations, service and limitation-see Practice Note: Coronavirus (COVID-19) implications for PI and clinical negligence [Archived]. For recent developments affecting PI and clinical negligence claims, see: NHS Coronavirus (COVID-19) Clinical Negligence Protocol 2020 updated-LNB News 29/07/2021 73 Coronavirus (COVID-19)-ABI further extends Statement of Intent to 13 August 2021-LNB News 13/07/2021 30 Coronavirus (COVID-19)-courts and tribunals guidance updated-LNB News 26/07/2021 25 MOJ outlines the impact on the Court Funds Office arising from Coronavirus (COVID-19)-LNB News 19/07/2021 6 HMCTS withdraws...