Sept 29 (Reuters) - Aviva PLC AV.L :
- FINANCIAL CONDUCT - UPDATE ON BI INSURANCE TEST CASE APPEALS PROCESS
- FCA TODAY CONFIRMS THAT IT HAS FILED A 'LEAPFROG' APPLICATION TO APPEAL TO SUPREME COURT.
- FCA'S INTENTION HAS, THROUGHOUT PROCESS, BEEN TO ACHIEVE CLARITY ON AFFECTED BUSINESS INTERRUPTION POLICIES AT SPEED.
- FCA SAYS WE BELIEVE THAT CLARITY WAS PROVIDED IN INITIAL JUDGMENT HANDED DOWN ON 15 SEPTEMBER
- FCA THEREFORE CONTINUES TO WORK CLOSELY AND AT SPEED WITH EIGHT INSURERS AND TWO INTERVENORS THAT PARTICIPATED IN TEST CASE TO REACH AN AGREEMENT
- FCA'S 'LEAPFROG' APPLICATION HAS BEEN FILED ON A PRECAUTIONARY BASIS
- FCA UNDERSTANDS THAT SEVEN INSURER PARTIES HAVE MADE SIMILAR PRECAUTIONARY APPLICATIONS.
- FCA WILL PROVIDE AN UPDATE TO THIS SITUATION AS SOON AS IS POSSIBLE
News: QBE UK's FCA files for appeal in business interruption case
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