Product marketing restrictions require immediate cessation of distribution following a regulatory direction, including products offered under alternative names. Product approval enforcement requires an IIO, upon receipt of a direction referred to in regulation 10, to forthwith stop marketing and distributing the ... Summary
International Financial Services Centres Authority (Insurance Products and Pricing) Regulations, 2022
Product marketing restrictions require immediate cessation of distribution following a regulatory direction, including products offered under alternative names.
Product approval enforcement requires an IIO, upon receipt of a direction referred to in regulation 10, to forthwith stop marketing and distributing the affected insurance product in all forms. This prohibition applies to the product marketed or distributed in its existing name or under any other name, ensuring that cessation extends to any renamed or rebranded presentation of the same affected product.
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