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GISC rule change delayed

The General Insurance Standards Council has delayed its decision to allow its members to only deal with other GISC members until October 15, 2001, a month later than originally expected.

An appeal before the Competition Commission Appeal Tribunal is pending and the Council wants to give members adequate time to consider its decision.

The anticipated final date of December 31 for full implementation of Rule F.42, which prevents GISC members from doing business with non-members, remains unchanged.

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