Appointed actuary regulation shifts IFSC compliance to the new framework, requiring existing IIOs to meet additional requirements. From commencement of the International Financial Services Centres Authority (Appointed Actuary) Regulations, 2022, the earlier appointed actuary ... Summary
Appointed actuary regulation shifts IFSC compliance to the new framework, requiring existing IIOs to meet additional requirements.
From commencement of the International Financial Services Centres Authority (Appointed Actuary) Regulations, 2022, the earlier appointed actuary regulations and related circulars or guidelines cease to apply within an IFSC. IIOs already operating in an IFSC must comply with any additional requirements under the new framework within one month of commencement, unless an extended period is specified.
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