Regulatory clarification and enforcement relaxation allow reasoned departure from strict re-insurance compliance on a fee-supported application. The Authority may address difficulties in applying or interpreting the International Financial Services Centres Authority (Re-Insurance) Regulations, 2023 ... Summary
Regulatory clarification and enforcement relaxation allow reasoned departure from strict re-insurance compliance on a fee-supported application.
The Authority may address difficulties in applying or interpreting the International Financial Services Centres Authority (Re-Insurance) Regulations, 2023 by issuing clarifications through guidance notes or circulars. On an application accompanied by the specified non-refundable processing fee, it may relax strict enforcement of any regulatory provision for reasons recorded in writing.
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