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New Market Reform Contract Guidance

04.02.20

NEW Market Reform Contract (Open Market) Guidance – version 2.0

The London Market Group is pleased to announce the publication of a new Market Reform Contract Guidance.

A cross-market group has carried out the annual review of the MRC which has resulted in the whole structure/order of the MRC to be amended, this includes guidance of each MRC Heading, guidance on Risk Details and other changes.

The revised Guidance can be used immediately but may also be phased in over a four-month period, hence becoming the required standard for new and renewal business from 01 June 2020. The revised Guidance can be found on the website, under the heading Market Standards.

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