This report reviews regulatory updates in August for life insurance companies in Europe. We note items published by the European Insurance and Occupational Pensions Authority (EIOPA), Financial Conduct Authority (FCA), and Bank of England (BoE). Details include: 

• EIOPA launches consultation on the new proportionality framework under Solvency II
• EIOPA publishes its Q&As on regulation
• FCA publishes consultation paper 24/16, “The Value for Money Framework”
• FCA publishes report on information sharing between insurers and brokers
• FCA announces market study into pure protection products
• The BoE and the FCA publish a statement on the “Memorandum of Understanding”