Re Digital Satellite Warranty Cover Limited
There has been legal uncertainty about whether extended warranties on consumer goods might be regulated insurance products, falling under regulation of the Financial Services Authority ("FSA"). The Court of Appeal has now decided they can be, in dismissing an appeal against winding-up orders secured by the FSA against three unregulated providers of extended warranties for satellite television equipment.
The decision in Re Digital Satellite Warranty Cover Limited may have regulatory implications for those who provide, or sell, extended warranties in relation to various consumer goods and appliances. A copy of the judgment is available here.
Our briefing on the case can be found here.
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