Resources and Documents - Legacy - Guidance

The legacy project - the investigation by market firms of previously written business where appropriate contract documentation may not have reached the end client - has been part of the contract certainty work. 

Once data for December 2008 has been gathered, MRO will no longer be measuring legacy centrally.  However firms should ensure they have read the letter from Hector Sants below.  This emphasises that FSA expects firms to continue to investigate outsatnding legacy items ; and to ensure that where there are matters that delay the provision of evidence of cover to the client, these are resolved as soon as possible – in line with the Contract Certainty Code of Practice.

Further information on legacy is available in the documents below.