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New Clause 15 - Compliance reports

Water Bill – in a Public Bill Committee at 3:30 pm on 12th December 2013.

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‘(1) The Secretary of State may by regulations make provision about reporting compliance with obligations imposed by regulations under section(Flood insurance obligations).

(2) The regulations may require a relevant insurer to make a report—

(a) stating the extent to which it has complied with obligations imposed on it by regulations under section(Flood insurance obligations)in relation to a prescribed period;

(b) providing prescribed details about the basis on which it considers that it has complied with those obligations to that extent.

(3) The regulations may provide for reports to be given to the FCA.

(4) In this section “prescribed” means specified in or determined in accordance with regulations under this section.’—(Dan Rogerson.)

Brought up, read the First and Second time, and added to the Bill.