| Link(s): | The King’s Speech 2024 – GOV.UK (www.gov.uk) FINAL – 17/07/24 King’s Speech 2024 background briefing final GOV.uk.docx (publishing.service.gov.uk) |
Context
The King’s speech confirms a new Commonhold Reform Bill and the reintroduction of the Terrorism (Protection of Premises) Bill – known as “Martyn’s Law”.
Key points to note and next actions
Of potential interest to those in the multi-occupancy insurance markets / brokers dealing with those in the property management sectors, is the inclusion of a draft Leasehold and Commonhold Reform Bill section is included on page 74 of this document. This may well lead the way to the creation of secondary legislation which will allow the FCA to Consult on rules relating to the treatment of insurance commissions in this sector.
Also, the Speech confirmed the reintroduction of the Terrorism (Protection of Premises) Bill – known as “Martyn’s Law” – which will seek to boost public venues’ resilience to terrorist attacks (see page 59 of the document).