ACCA's rules are changing in September 2023
ACCA is introducing new professional indemnity insurance (PII) regulations in September 2023. The new PII regulations are the first in a series of planned modernisation and improvements to the Global Practising Regulations and the ACCA Rulebook.
The new PII requirements are effective from 1 September 2023. However, members and firms will be given a period of time to adjust to the changes and obtain PII cover which is compliant with the new regulations.
Under transitional arrangements, PII policy renewals on or after 1 January 2024 must comply with new requirements. All existing PII policies must comply with the new requirements by 1 January 2025. Early adoption will be permitted.