| Link(s): | Provisional decision: strategic review of CMA markets remedies – GOV.UK Provisional decision Consultation document Strategic review of CMA markets remedies – GOV.UK |
Context
The CMA has published a Provisional Decisions document following its Consultation in relation to a Strategic Review of a number of CMA or remedies and Orders, including the Private Motor Insurance Market Investigation Order 2015 (the PMA Order). All parts of the PMA Order were to be reviewed except for Part 3 (Wide ‘most favoured nation’ (MFN) clauses between insurers and price comparison websites).
Key points to note and next actions
- The Parts of the Order which are included in this Strategic Review require insurers and price comparison websites (PCWs) to provide specified information to consumers relating to no-claims bonus protection, and insurance intermediaries to pass that information on to its customers. Insurers, insurance intermediaries and PCWs are also required to provide compliance statements to the CMA.
- The proposal following the review is to remove Part 2, Schedule 1a, Schedule 2, Annex 1 of Schedule 3, paragraph 2 of Schedule 3, Part 4, and Article 6.1(b) (all explained below). All other parts of the Order will be retained:
- Part 4, and therefore also Article 6.1(b), which the CMA is proposing to remove, is the requirement to submit the annual compliance statement to the CMA.
- Part 2 of the Order, together with Schedule 1a, relates to the NCB Protection Statement to be provided by PMI Providers, which includes PMI intermediaries).
- Schedule 2 relates to NCB Protection Information to be provided by PMI Providers.
- Annex 1 of Schedule 3 is the template PMI Compliance Statement.
- The second paragraph of Schedule 3, which relates to the Average NCB Discounts listed in Annex 1.
- We understand that the CMA’s final decision is likely to be published in October 2026, which will be in advance of when the next PMI Compliance Statement would be due to be sent to the CMA.