Regulatory clarification powers enable procedural norms and relaxations for insurance and reinsurance financial services in international financial centres. Regulation 11 empowers the Authority to issue guidelines or circulars prescribing norms, procedures, processes and modes, including permissible ... Summary
Regulatory clarification powers enable procedural norms and relaxations for insurance and reinsurance financial services in international financial centres.
Regulation 11 empowers the Authority to issue guidelines or circulars prescribing norms, procedures, processes and modes, including permissible relaxations. The power supports implementation of the regulatory framework and incidental matters, while facilitating and regulating financial services connected with insurance and reinsurance in an International Financial Services Centre.
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